Currency bleeding to where?
English - Tuesday 10 August 2021 الساعة 09:37 am
Aden, NewsYemen, Muhammad Jassar:
exchange rate only lasted for a few days, and in light of the difficult circumstances and the gelatinous economic situation that no simple citizen can resist, one of the bad, bad and stifling images of the deterioration of the local currency, which the liberated areas reached after seven years of war, are clearly revealed.
The money changers’ strike to control the
And in the exchange bleeding in the liberated areas, the Houthi ban continues for the new currency to enter Sana’a and its environs, and with currency speculation in Aden between some merchants and some money changers, the deterioration continues, which raises the prices of almost everything, as most imports are bought with hard currency, and this happened even when Some wholesalers.
After the Central Bank issued forty billion riyals of the same old currency, and disbursed some salaries from it, some people bought the thousand old riyals for 1300 riyals of the same new denomination, and it is not known until this moment the motives for doing this thing.
In light of the deteriorating economic situation, Hussein Bakhabi, who is the owner of one of the shops in Aden, tells that the deterioration of the currency affects the basic form of the citizen, especially those who receive their salary - and they are the majority - in the local currency.
He told Newsemen: We have stopped buying any kind of merchandise except for basic goods, because the market movement has become frightening, and the increases are not every week or every day, but rather every hour.
For her part, the educator, Aisha Qaid, expressed to Newsemen her great fear of the start of the formation of some gangs and brigands, which is inevitable, according to her, due to the economic collapse, whose features are beginning to appear clearly.
It condemned the wrong policies of the Yemeni government and the Central Bank, and called on them to prevent the disaster.
She pointed out to Newsemen, the social worker, Suhair Umm Mazen, that the economic war is the most terrible type of war, and it is unreasonable that this is the time of deep sleep for the government that is entrusted with solving problems and activating laws.
The economic advisor and professor at the Faculty of Law, Amin Hassan, noted that the economy will not return to the right and correct path except by concerted political and security efforts and restoring hope, as the economy is organically linked to the political situation in the city.
It is noteworthy that the currency exchange at the time of writing the report exceeded 273 for the Saudi riyal, and 1020 for the US dollar.
