Aden Bank’s decisions push currency exchange rate to collapse in southern provinces

SANAA, June 02 (YPA) – An economic expert said on Sunday that the ill-considered decisions of the Central Bank of Aden, which is controlled by the Saudi-led coalition, pushed the currency exchange rate towards collapse in the southern provinces during the past few days.

The economist, Rashid Al-Haddad, pointed out that “the decisions of the Bank of Aden reinforced the division because they are decisions that conflict with the requirements and needs of reality.”

Al-Haddad added that thoughtful and objective economic decisions have immediate positive effects on the currency exchange rate, calm the market, and enhance confidence in government banks.

YPA