Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression War against Yemen   About Yemen   Civil Society   Economy   About Saba  
Search | Advance Search
 
  Local
Revolution Leader calls on Yemeni people to back fronts
[20 September 2018]
FM congratulates Maltese counterpart on National Day
[20 September 2018]
Capital Mayor inspects final preparations to organize ceremony to celebrate 4th anniversary of 21 September Revolution
[20 September 2018]
Taiz governor stresses on importance of developing water corporation's provided services
[20 September 2018]
Poets 'seminar organizes in Hodeida to celebration on 4th 21 September Yemeni Revolution
[20 September 2018]
 
  Saudi Aggression War against Yemen
Thousands of Yemeni people in Sanaa rally to mark fourth anniversary September 21 revolution
[20 September 2018]
Army kills dozens of Saudi-paid mercenaries in western coast, destroys theirs 3 troops carriers
[20 September 2018]
Army kills 5 Saudi-paid mercenaries in Mareb
[20 September 2018]
Army launches ballistic missile on Saudi Moustahdath camp Jizan
[20 September 2018]
Army destroys 2 Saudi-led military vehicles in Saudi border provinces: Report
[19 September 2018]
 
  Reports
Reports: 21 civilizes killed in Saudi airstrikes on provinces over last 24 hours
[17 September 2018]
Report: Dozens of Saudi-paid mercenaries, invaders killed in military attacks
[16 September 2018]
Army inflicts on Saudi army, US-backed mercenaries heavy losses over 24 past hours : Report
[15 September 2018]
16 civilians killed in US-Saudi aggression crimes over 24 past hours
[15 September 2018]
Al-Shaab team wins over Al-Arouba, returns to the top of capital Sanaa Junior championship
[14 September 2018]
 
  International
FM asks Russia to stop illegal actions on Yemen's embassy in Moscow
[18 September 2018]
FM congratulates Chilean counterpart on National Day
[18 September 2018]
President discusses with UN envoy humanitarian situation in Yemen affected by Saudi-led attack
[18 September 2018]
Social Affairs Ministry, UNICEF discuss enhancing cooperation to protect children
[17 September 2018]
Florence cyclone causes torrents in east-south of U.S.
[17 September 2018]
  Economy
National currency devaluation impact discussed in Sanaa
[08/September/2018]

SANAA, Sep. 7 (Saba) – Deputy Prime Minster and Finance Minister Dr. Hussein Maqboli on Saturday chaired a meeting in Sanaa to discuss the national currency's devaluation against foreign currencies and its impact on citizens’ living conditions.

In the meeting, which was attended by representatives of commercial banks and Yemeni cashiers association, Dr. Maqboli stressed the importance of assuming responsibility to alleviate the economic and living burdens of citizens, especially in light of the continued aggression.

The Saudi-led aggression coalition resorted to the economic war after its complete inability in the military confrontation, he said.

Dr. Maqboli explained that the main reasons for the destruction of the economy and the high price of foreign exchange are the random printing of the national currency, the transfer of the Central Bank and the siege imposed on the port of Hodeidah.

He stressed that all parties should bear their responsibility seriously to stop the decline in the Yemeni riyal value and to control the exchange rate.

In this regard, Dr. Maqboli noted that the National Salvation Government took several measures to control the exchange rate by preventing the foreign currency smuggling, as well as the Cabinet’s recent decision to prevent the circulation of the currency printed by the aggression countries.


BA

Saba
  more of (Economy)
UPDATED ON : Thu, 20 Sep 2018 20:12:50 +0300