Finance Ministry: Coalition seeks to withdraw foreign exchange from Sanaa

SANAA, Agu.01 (YPA) – Deputy Ministry of Finance in Sanaa, Ahmed Hajar, said that the Saudi-led coalition forces are seeking to withdraw foreign exchange from the Sanaa government-held cities.

Hajar affirmed in a statement that that the Saudi-backed exiled Hadi government’s cash liquidity is twice what the local market needs.

He explained that the coalition forces have pushed to print more banknotes in order to get rid of their financial burdens, noting that the mercenary leaders use this to speculate in the currency and accumulate investments of their assets abroad.

“It is necessary to tighten control over the entry of counterfeit currency for preventing the deterioration of the currency and the rise in the prices of goods and services,” Hajar affirmed.

He went to say that the economic war will remain as a tool in the hands of the coalition forces, and a monetary policy with an independent financial economy must be found in cooperation with the official authorities and the private sector.

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