Yemen Monitor/ News Room
The President of the Yemeni Presidential Council, Rashad al-Aleemi, today discussed with officials in the Yemeni government the economic situation, including the consequences of the recent “destructive” actions by the Houthis on the economy.
During his meeting with Prime Minister Ahmed Awad bin Mubarak, Central Bank Governor Ahmed Galal, Finance Minister Salem bin Berek, and Trade and Industry Minister Mohammed Al-Ashwal, the meeting touched on reports of economic and institutional performance, efforts to enhance monetary and financial stability in collaboration with all state institutions, and benefiting from the support and expertise of regional allies and international partners, according to the official Yemeni news agency.
He emphasized “containment of the repercussions of the Houthi measures destructive to the national economy, the banking sector, and social savings, ensuring the fulfillment of the state’s obligations including paying salaries of employees, and providing necessary credits for importing essential goods”.
Al-Aleemi praised the government’s efforts, the Central Bank’s measures, and the Ministry of Finance, Industry, and Trade for maintaining monetary, financial, and trade stability, emphasizing the importance of doubling efforts to enhance protection for insolvent social groups.
The meeting comes one day after the Houthis announced the minting of a new 100 riyal coin as part of what they called addressing the problem of damaged currency, a step the Central Bank of Yemen in Aden considered a dangerous and illegal escalation, warning against its circulation.
Economists and experts consider the Houthi measures as potentially deepening economic divisions in the country and a step towards building a fully independent economy.
