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Last Update: ،
2026/09/25
Time
01:07:49
Latest News:
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Latest News:
National Commission for Investigation Meets with EU, Dutch Missions in Geneva to Discuss Developments ..
Foreign Minister Praises Germany’s Stance Against Houthi Attacks, its Contribution to Protecting Freedom ..
Local Authority in Marib Signs Memorandum of Understanding with British Organization to Fund, Implement ..
Al-Alimi Discusses Yemen Developments, Red Sea Security with EU Official
Yemeni-German Cooperation Conference in Berlin
Hadi orders govt to restore food and services supply stability
[03/09/2018 10:03]
RIYADH-SABA
President Abd-Rabbu Mansour Hadi has ordered the government to take effective and urgent measures to restore the stability of food and services supply following this week's further devaluation of the Riyal from 550 to 600 against the US dollar and the soar of prices of basic commodities.
In a meeting of the national Economic Committee attended also by the Vice President and Prime Minister on Sunday evening, Hadi called for resuming oil and liquefied natural gas exports to bring in hard currency, an efficient collection of taxes, spending cuts and pay rise for civil servicemen among other measures to tackle the situation.
"We know the magnitude of the challenges, the economic impact of the Houthi militia's unrelenting war on the nation and confiscation of foreign cash reserves to finance the war. Nevertheless, we are not absolved from stepping up efforts to take tackling measures and start building a new economy right from scratch," he said.
President Abd-Rabbu Mansour Hadi has ordered the government to take effective and urgent measures to restore the stability of food and services supply following this week's further devaluation of the Riyal from 550 to 600 against the US dollar and the soar of prices of basic commodities.
In a meeting of the national Economic Committee attended also by the Vice President and Prime Minister on Sunday evening, Hadi called for resuming oil and liquefied natural gas exports to bring in hard currency, an efficient collection of taxes, spending cuts and pay rise for civil servicemen among other measures to tackle the situation.
"We know the magnitude of the challenges, the economic impact of the Houthi militia's unrelenting war on the nation and confiscation of foreign cash reserves to finance the war. Nevertheless, we are not absolved from stepping up efforts to take tackling measures and start building a new economy right from scratch," he said.
Key words:
SABA President - Nevertheless - confiscation - devaluation - unrelenting - commodities - challenges - collection - servicemen - government -
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