Local commercial movement declined in south, east of Yemen

ADEN, Oct.02 (YPA) -Local commercial movement in the city of Aden and the rest of southern and eastern provinces of Yemen, which are under the control of Saudi-led coalition, has witnessed a decline doubly since the beginning of 2023.

According to economic sources, the royalties and levies imposed by the pro-coalition authorities and the leaders of the UAE-backed Southern Transitional Council (STC)’s factions in Aden have harmed local commercial activity, in addition to the spread of security chaos, assassinations and arrests that have ravaged the city since the beginning of 2016.

The sources indicated that the Sheikh Othman, district seen as a less active at the commercial level at the present time, after Aden was one of the commercial and economic destinations in the world.

The sources pointed out that the inability of citizens to buy comes due to the deterioration of the purchasing power of the local currency on a daily basis, which was reflected in the suffering of the people without any reforms by the pro-coalition government.

The pro-coalition government has not taken any economic measures to maintain the price of the local currency, which is deteriorating from day to day after the coalition printed about 5 trillion and 230 billion Yemeni riyals without cash cover since 2016-2021.

The economic deterioration that hit Aden and the rest of the southern governorates had reflected in all service sectors, electricity, water, health and education, and  as well as increasing the prices of oil derivatives doubled the rise in the prices of food and basic commodities in those areas.

E.M