Yemeni politician suggests “missile solution” to curb destruction of currency

SANAA, Dec. 22 (YPA) – A prominent Yemeni politician on Saturday suggested what he considered a “more effective solution” to stop printing of hundreds of billions of the national currency without cash cover by Aden’s bank and Hadi’s government, which caused the currency collapse.

“This solution is represented in retaliating what he considered a systematic targeting of the Yemeni economy and currency by Saudi/UAE-led coalition,” said Mohammed Taher Anam, member of the supreme body of Al-Rashad party and of Yemeni scholars association, in a tweet on Saturday.

Anam explained that the first step of the solution is “to threat with hitting the Saudi Arabian Monetary Agency and the UAE’s Central Bank with missiles and drones.”

He added the second step is to implement the threat if the corrupt government of Hadi did not stop printing the currency.

A second step to the solution, saying: “Then implement that order if the printing from the corrupt government backed by Saudi Arabia and the UAE does not stop.”

It is noteworthy that Hadi’s government, represented in the Central Bank of Aden, printed a trillion and 700 billion Yemeni riyals in less than two years.

Dumping the markets with this printed currency has fueled speculation on foreign currency, which caused the devaluation of the Yemeni riyal to fall from 350 riyals per one dollar to 700 riyals by end of 2018 and harmed the national economy and citizens’ livelihood.

YPA