Rising foreign exchange reserves and stronger oil earnings have boosted the external position. However, this has not led to a significant improvement in the exchange rate. The currency remains above a certain threshold against the dollar, prompting questions about the impact of increased dollar inflows.

Further information is available on this topic, including explanations from experts. They discuss why the exchange rate has not strengthened as much as might be expected, given the improved financial situation.

Details of the analysis and discussions can be found in the original post, which explores the relationship between oil earnings, reserves, and exchange rates.