“The economic collapse in the occupied territories is also a result of widespread corruption, waste of revenue, and arbitrary measures by the countries involved in aggression and their mercenaries,” Abdulsalam wrote on his Twitter account. “These measures include moving the central bank from Sana’a, printing new currency, and other arbitrary steps over the past years.”
He pointed out that what the economy needs in Yemen to alleviate the suffering of Yemenis is to allocate Oil and Gas revenues to address the economic problems, foremost of which are salaries. Also keeping everything related to the economic situation away from political blackmail to achieve military or political goals.
"The forces of aggression must stop all arbitrary measures targeting the Yemeni People and affecting their most important life requirements,” he added. "Since the end of Kuwait's consultations, we have warned against arbitrary measures that affected the economic aspect in all its aspects."
The Yemeni riyal continued its collapse against foreign currencies in the governorates under the control of the US-Saudi aggression and occupation, reaching over 1400 riyals per dollar.
Banking sources in Aden indicated that foreign exchange rates witnessed an increase for the fifth day in a row, as the exchange rate of the US dollar rose to 1414 Yemeni riyals, and the Saudi riyal to 373 Yemeni riyals.
Economists attributed the continued collapse of the local currency to several factors, including the deepening of corruption in the pro-aggression government, in addition to the impact of the news circulating about the near depletion of foreign exchange reserves at the Central Bank in Aden.
This comes at a time when observers are increasingly warning of the repercussions of this collapse, which has already been reflected in the prices of various commodities, foremost of which are the prices of foodstuffs and medicines, whose prices have increased during the past two days by nearly 10%.
The Saudi-backed government continues to take economic measures that directly affect the service and living conditions of the Yemeni People, especially in the southern regions, and exacerbate their disastrous suffering as a result of the US-Saudi siege and aggression.
#Yemen #US-Saudi Aggression #Economic War #Mohammed Abdulsalam 23-07-13
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