Yemen Monitor – Newsroom:
Economic expert Wafiq Saleh affirmed that achieving exchange rate stability and ending the sharp fluctuations witnessed in the market in recent periods represent the main objective of the Central Bank of Yemen.
Saleh pointed out that the continuous rise in prices creates a state of economic uncertainty, complicating decision-making for consumers, businesses, and even the government, in addition to reducing the effectiveness of the financial system.
He noted that price stability and a lower inflation rate provide clear indicators regarding the level of productive activity and the prices of goods and services, which helps all concerned parties make sound economic decisions.
Monetary stability also contributes to preserving citizens’ purchasing power and strengthening social stability, which is the foremost goal of monetary policy at the current stage.
