War does not only happen at the border.
It happens in the stock market.
It happens on the foreign exchange screen.
It happens at the gas station.
We felt the impact immediately.
At the end of the month, the already fragile money markets were officially locked.
Liquidity tightened, expectations deteriorated, panic spread.
And the sight I saw this morning:
Queues at gas stations.
People are in a hurry to fill up.
Because uncertainty calls for price increases.
A price increase magnifies fear.
Fear creates the tail.
The economy is sometimes governed not by numbers but by psychology.
If society thinks “tomorrow will be more expensive”, that tomorrow starts today.
Financial centers like Dubai look like a safe haven in times of war. But let's not forget: capital comes in fast and goes out fast. In fragile economies like ours, the wave is felt harder.
The impact of the war is not only on the front line;
At the pump, at the cash register, in the market.
Filling the tank is a reflex.
The main thing is to fill the trust.
Because the economy is most sustained by trust.