PM chairs Economic Commission follow-up meeting on economic recovery

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Government Holds its First Meeting

PM chairs Economic Commission follow-up meeting on economic recovery

[10/09/2018 03:37]

RIYADH-SABA
Prime Minister Ahmed bin-Daghr chaired a meeting with the Economic Commission to follow up on the economic developments and measures taken by the government to stop the deterioration of the national currency, Riyal.

The meeting recounted the mechanism adopted in the last Cabinet meeting to tackle the Riyal depreciation and mitigate its impact on the people.

The Prime Minister said the measures which the government had taken included allowing traders to open letters of credits with the national banks to cover the import of basic foodstuffs identified in the previous meeting. The covered items are wheat, rice, sugar, milk, edible oil and medicines.

The Prime Minister said that "the matrix of urgent economic measures for economic recovery is carried out systematically and automatically and with the cooperation of all governmental and private agencies, and will be crowned with success." He hailed the great efforts exerted by the Economic Commission to follow up on the implementation of the tackling measures.