UAE stands behind economic crisis in Yemen: Economist

SANAA, Oct. 2 (YPA) – An economist in the Yemeni capital Sanaa on Tuesday said the United Arab Emirates (UAE) stands mainly behind the increasingly worsening economic crisis in Yemen.

“Abu Dhabi has worked since the drones attack on Dubai International Airport about a month ago to strike the Yemeni economy more like a systematic collapse of riyal exchange rate,” the economist said.

He continued:”By targeting the economy, the UAE aimed to hit the exiled Hadi’s government in Aden economically and to avenge Sanaa attacks on Dubai Airport at the same time – It wanted to hit two birds with one stone.”

This war is no longer directed against a certain party or a particular movement, as all the people became within the targeting circle, he added.

He noted that the economic crisis has affected citizens’ lives in the southern provinces under the control of the Saudi-led coalition more than those are living in the areas controlled by Sanaa government.

Economic observers in the southern port city of Aden confirmed that the recently printed local currencies have significantly contributed to the acceleration of the currency decline.

“What has been done by Hadi’s government is impractical and not implemented on the ground at all, and even it declared its failure during a meeting in Riyadh,” they said.

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