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Minister: The coming days will witness an economic breakthrough
[21/12/2021 04:58]
Aden - Saba
The Minister of Industry and Trade, Muhammad Al-Ashwal, said that the coming days will witness a breakthrough in the economic situation in the liberated governorates, and that the gradual recovery of the local currency, the Yemeni riyal against foreign currencies, is a positive indicator that reflects the importance of the decision of His Excellency President Abd-Rabbu Mansour Hadi, regarding replacing the Board of Directors the Central Bank of Yemen in the temporary capital Aden.

In a statement to the Yemeni News Agency (Saba), Minister Al-Ashwal affirmed the keenness of the government and the Ministry of Industry and Trade to overcome all difficulties and implement a package of possible measures to avoid the accelerating collapse of the local currency, noting that the Prime Minister, Dr. Maeen Abdulmalik, held several emergency sessions to discuss the general situation and form an economic committee to study solutions to limit the continuation of the catastrophic economic and financial deterioration, and the accompanying large rise in commodity prices.

The Minister of Industry called on the merchants and the Chamber of Commerce and Industry to respond to the current data and the new price changes and to reduce the prices of commodities.


Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization
Yemen Participates in 2026 Women's Economic Empowerment Forum in Paris
Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen
Yemen FM Warns of Iran-Backed Houthi Cross-Border Destabilization Project
Coalition Intercepts and Destroys Houthi Ballistic Missile Fired Toward Madinah
Presidential Leadership Council: 'Yemen Dawn' Steadily Moving Toward Achieving Its Goals
Yemen's Foreign Minister Discusses Latest Developments with German Research Experts
German Chancellor Receives Letter from President al-Alimi
Yemen Calls for Stronger International Partnership and Investment in Water Sector
Ministers of Civil Service, Information, Local Administration Swear-in Before President al-Alimi

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