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Last Update: ،
2026/01/01
Time
04:53:32
Latest News:
Leadership Council Chairman Warns Against Undermining Sovereign Decisions
EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region
Yemeni Ambassador Discusses Yemen's Developments with Bahraini Official
Morocco Reaffirms Support for Yemen's Stability and Unity
Leadership Council Chairman Checks on Situation in Shabwa Province
Latest News:
Leadership Council Chairman Warns Against Undermining Sovereign Decisions
EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region
Yemeni Ambassador Discusses Yemen's Developments with Bahraini Official
Morocco Reaffirms Support for Yemen's Stability and Unity
Leadership Council Chairman Checks on Situation in Shabwa Province
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.
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.
Key words:
deterioration - breakthrough - accelerating - continuation - difficulties - catastrophic - accompanying - governorates - commodities - government -
Ambassador Jumeih: UNESCO Sent Monitoring Mission to Socotra Following Reports of Violations World Heritage Protection Convention
Leadership Council Chairman Warns Against Undermining Sovereign Decisions
EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region
Yemeni Ambassador Discusses Yemen's Developments with Bahraini Official
Morocco Reaffirms Support for Yemen's Stability and Unity
Leadership Council Chairman Checks on Situation in Shabwa Province
Taiz Military and Security Committee Supports President's Emergency Declaration
OIC reiterates its support for Yemen sovereignty, unity, territorial integrity
Ministry of Foreign Affairs Welcomes Statements Supporting Yemen's Unity, Sovereignty
Foreign Minister confers with U.S. Ambassador over bilateral relations
