“Al-Alimi” Directs to Expedite Measures to Address National Currency Deterioration and Secure Basic Services
Yemen Monitor/Newsroom:
The Chairman of the Presidential Leadership Council in Yemen, Rashad Al-Alimi, stressed on Tuesday the importance of taking urgent measures to enhance public financial efficiency and monetary policy in the country, emphasizing the need to intensify oversight of the prices of basic goods and services to address the continued collapse of the national currency, which has reached its lowest levels ever.
This came during Al-Alimi’s meeting with the Economic and Humanitarian Crisis Management Committee at Al-Maashiq Palace in the interim capital Aden, in the presence of Prime Minister Ahmed Awad bin Mubarak, who chairs the committee, according to the official Yemeni news agency.
The meeting also included the Governor of the Central Bank of Yemen, Ahmed Ghaleb Al-Maabqi, and the Ministers of Finance, Salem bin Brik, Foreign Affairs and Expatriates, Dr. Shaye’a Al-Zindani, Oil and Minerals, Saeed Al-Shamasi, the Head of the Economic Team, Hossam Al-Sharjabi, and the Chairman of the Board of Directors of Yemenia Airways, Captain Nasser Mahmoud.
During the meeting, the Prime Minister and members of the committee explained the current economic situation, discussed financial and monetary indicators, and the impact of currency deterioration on the prices of basic commodities. They also addressed the required government reforms to improve the state’s access to its resources and enhance its interventions to alleviate the severity of the humanitarian crisis in the country.
Reports indicated the progress of the Crisis Management Committee in implementing its plans to confront economic and humanitarian challenges, and strategies were presented to address future challenges.
At the conclusion of the meeting, Al-Alimi urged the committee to expedite measures to ensure the state fulfills its obligations, foremost among which is the payment of employee salaries and the sustainability of basic services, especially the electricity sector.
