(https://preview.redd.it/qofcafakyu1h1.jpeg?auto=webp&s=2c9b64a624f65749516ecccc27e197595aba2ecf)
Oil imports during this war are a major factor.
Because we keep spending as if nothing's changed, while other countries have tweaked their forex outlays.
Our forex earnings fell sharply as workers returned from the Middle East, and imports shot up due to high oil and gold prices.
When the government asks people to adjust, we see it as incompetence. No matter how rich we get, we still have to make short-term changes when our income drops because of crises.
People who understand economics weren't surprised; they saw it coming. It was quite evident.