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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

Pro-US-Saudi Aggression's Government Admits: Printing Banknotes Caused Local Currency Collapsing

News - Yemen: The US-Saudi aggression and its mercenaries are behind the living and economic crisis experienced by the Yemenis, which is considered the worst in the world. The governor of the central bank in Aden, Ahmed Al-Mabaqi, stated that the printing of huge quantities of illegal currency is the reason behind the collapse of the Yemeni Riyal in the provinces and occupied areas.

During an interview with a TV channel, Al-Mubaqi said that "the sums printed by the government during the past years were huge and outweighed the need," stressing that "this is the reason for the great collapse of the currency exchange rate."

Al-Mubaqi explained that the mercenary government did not care about the repercussions of the currency printing process, noting that its focus was "on covering its expenses in the easy way, which is printing money without restrictions and without standards."

This recognition undermines all the propaganda that the mercenary government and the aggression tried to spread. In order to justify the currency printing conspiracy, most notably the justification for the lack of liquidity and the need for banknotes.

These statements reveal the extent of the indifference with which the mercenary government deals with the suffering of citizens, and what affects their living conditions. In turn these statements confirms that the special benefits obtained by the leaders of the pro-US-Saudi aggression's government from the currency printing process were only a price for helping to engineer one of the most prominent paths of war. The economic crisis on the Yemeni people, through which the coalition of aggression wanted to bring the Yemenis to their knees to accept its dictates and conditions and turn away from confronting.

US-Saudi mercenaries leaders used the huge quantities of illegal banknotes to purchase large amounts of foreign currency for their own accounts, in addition to financing militias and criminal organizations associated with them.

 

The local currency in the occupied governorates is still in a continuous collapse, despite the repeated talk by the mercenary government and the coalition of aggression about "fixes" and "reforms", including the recent announcement of a Saudi deposit, which is essentially a loan that doubles the local debt and deepens economic problems.

The mercenaries' government and the aggression coalition resort to reducing the exchange rate for limited days. In order to absorb the ongoing popular discontent or to promote certain political propaganda, but the currency quickly returns to the deterioration and worse each time.

The confessions Al-Muabaqi confirm the correctness of Sana'a's position regarding rejecting the printed currency and adhering to the need to address the economic issue before any political solution. In order to stop the economic war that the aggression coalition uses as a weapon.

Sana'a had revealed earlier that the pro-US-Saudi government, at the behest of the US-Saudi-Emirati coalition of aggression, had printed more than 5 trillion riyals of illegal currency; This led to the collapse of the value of the riyal in the occupied territories.

It should be noted that Sana'a was able to neutralize the repercussions of this aggressive path, by preventing the circulation of illegal banknotes in the areas under Salvation government's control, which created a clear state of stability in the price of the local currency, with a difference of more than double.

#Economic_Crisis #Economic War About 1 year
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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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