YEMEN Press Agency

STC admits for first time cause of crisis in Aden

ADEN, Feb. 28 (YPA) – A leader in the UAE-backed Southern Transitional Council (STC) admitted on Wednesday the causes of the crisis that citizens are suffering from in Aden and the rest of the provinces under the control of the Saudi-led coalition in Yemen.

The head of the Decision Support Center for the STC Presidency, Lutfi Shatara, said in a post on the “X” platform, “We have reached a stage called a crisis of ethics for officials in public service, many of whom do not have any sense of responsibility.”

Shatara added, “The currency is collapsing, prices are continuing to rise, and the leadership of the Central Bank of Aden, affiliated with the coalition, is silent and remaining despite its failure to stop the deterioration.”

It is noteworthy that the Ministry of Finance in the government affiliated with the coalition, led by Salem Saleh Salem Bin Brik, affiliated with the STC, did not witness any economic and financial reforms that would alleviate the suffering of citizens in those areas.

The coalition government had printed more than 5 trillion and 320 billion riyals of local currency without cover, which led to the collapse of the Yemeni riyal in coalition-controlled areas against foreign currencies.

The Sanaa government repeatedly warned of the disaster of currency printing on the national economy and prevented the circulation of new currency notes in areas under its control, which made the Yemeni riyal maintain its value at 520 riyals to the US dollar, while the price of the dollar in Aden exceeded 1,700 riyals during the past hours.