Sanaa offers urgent solution to save Yemeni riyal in southern provinces

SANAA, July 13 (YPA) – The head of the delegation representing the Sanaa government, Mohammed Abdulsalam, attributed economic collapse in southern provinces to “aggression, blockade, and conflict between divergent agendas sponsored by outside”, stating it is a natural result.

Abdulsalam reviewed, in a tweet on his account on Twitter, the reasons that led to the catastrophe of the economic collapse taking place in the areas of Yemen under the control of the Saudi-led coalition.

“The arbitrary steps that affected the economic file by the countries of aggression and their mercenaries, such as transferring functions of the central bank from Sanaa, printing a new currency, and other arbitrary steps over the past years, were the cause of the disaster,” Abdulsalam said.

He emphasized the need to allocate oil and gas revenues to address the Yemeni people’s economic problems, primarily salaries, and remove economic blackmail for military or political goals, adding that this will alleviate suffering and ensure the country’s ability to address the economic crisis.

Local currency in coalition-controlled areas has experienced rapid deterioration, as the price of one dollar reached approximately 1,500 Yemeni riyals.

As a result of the currency reaching this level of deterioration, the southern and eastern provinces witnessed a wave of angry protests, during which citizens demanded the departure of the coalition, while shops closed their doors for fear of the repercussions of this deterioration.

YPA