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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

Economic Collapse in Occupied Territories Is US-Saudi Aggression’s Goal, Not Surprising  

Yemen: The Undersecretary of the Ministry of Finance for the Planning Sector, Ahmed Hajar, affirmed that the economic collapse in the occupied territories is a goal of the US-Saudi aggression and not a surprising reality.

 

In an exclusive statement to Almasirah, Hajar explained that the preventive economic policies of the Salvation Government deterred the economic collapse that the US-Saudi aggression pushed for since the transfer of the functions of the Central Bank from the capital, Sana'a.

He pointed out that the economic collapse began before the Salvation Government prevented the looting of oil, as the difference in the price of the dollar between the occupied cities and Sanaa exceeded 400 riyals.

Hajar revealed that Yemeni oil revenues amounted to about 13 billion dollars at the National Bank of Saudi Arabia, according to international reports, and not 6 billion as the mercenaries stated, which confirms that they do not control the account or the export quantities.

The Undersecretary of the Ministry of Finance pointed out that the Yemeni oil account in the National Bank of Saudi Arabia is subject to the disposal of the Saudi finance and the Saudi ambassador, adding, "We believe that there are money laundering operations that take place under the cover of Yemen oil revenues."

In the same regard, the Supreme Political Council affirmed that the economic collapse in the occupied territories is one of the manifestations of tampering with the economic situation that the US, Britain and their tools supervise with the aim of starving the Yemeni people and plundering their wealth.

This came during the Council's meeting, Monday, chaired by President Mahdi Al-Mashat, where they discussed the deteriorating conditions in the areas under occupation.

Days ago, the head of the national delegation Mohammad Abdulsalam affirmed that the economic collapse in Yemen’s occupied areas is a natural result of aggression, blockade and conflict between divergent agendas sponsored and encouraged by the outside.

“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.

#US_Saudi_Aggression #Economic War About 11 months
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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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