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2026/10/31
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Latest News:
Yemen Condoles Italy Over Military Helicopter Crash Victims
Coalition: Hostile Drone Intercepted and Destroyed over Riyadh Region
King Salman Humanitarian Center Signs Agreement to Support Yemeni Refugees in Djibouti
Woman Killed, Five Civilians Injured in Houthi Shelling and Sniper Attacks in Taiz
Foreign Minister Discusses Developments in Yemen with US Assistant Secretary of State
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 -
Ministry of Human Rights Holds Houthi Militias Responsible for Death of UN Employee in Militias' Detention
Yemen Condoles Italy Over Military Helicopter Crash Victims
Coalition: Hostile Drone Intercepted and Destroyed over Riyadh Region
King Salman Humanitarian Center Signs Agreement to Support Yemeni Refugees in Djibouti
Woman Killed, Five Civilians Injured in Houthi Shelling and Sniper Attacks in Taiz
Foreign Minister Discusses Developments in Yemen with US Assistant Secretary of State
Arab Interior Ministers Council Secretariat Condemns the Continued Hostile Actions of Houthi Militias Against Saudi Arabia
Protest and Exhibition Held in Geneva to Highlight Taiz’s Suffering Under Houthi Siege
Yemeni, Saudi Foreign Ministers Discuss Developments in Yemen, Region
Yemen Calls on Security Council to Take Strong Measures to Stop Houthi Attacks on Aden International Airport
