Central Bank Governor Highlights Economic Diversification Gaps Impacting Dollar and Exchange Rate

The governor of the central bank has pointed out that limited economic diversification is contributing to increased pressure on the national currency and foreign exchange rates. He emphasized that reliance on a narrow range of revenue sources undermines financial stability, particularly in times of external shocks. Without broader industrial and service-sector development, the economy remains vulnerable to fluctuations in global markets. Strengthening non-oil sectors, improving export capacity, and encouraging private investment are essential steps to reduce dependency and support the local currency. Addressing structural weaknesses will be key to achieving sustainable growth and macroeconomic resilience.
— news from economy-news.net

— News Original —
محافظ البنك المركزي: ضعف التنوع الاقتصادي يضغط على الدولار وسعر الصرف economy-news.net

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