Al-Alimi calls for accelerating the implementation of the economic rescue plan to confront the collapse of the national currency

The Chairman of the Presidential Leadership Council, Rashad Al-Alimi, stressed the need to accelerate the implementation of the economic rescue plan, and take measures and procedures aimed at enhancing the efficiency of public finance management and monetary policy, and limiting the repercussions of the monetary division imposed by the Houthi militias as an economic war card.

This came during a meeting held on Thursday in the interim capital, Aden, by the Economic and Humanitarian Crisis Management Committee, headed by Prime Minister Dr. Ahmed Awad bin Mubarak, according to Saba Agency.

Al-Alimi stressed the full support for the Central Bank, its independence in managing monetary policy, and the responsibility of the concerned authorities to fully implement its banking policies, deter currency speculators, and strictly control the prices of services and basic commodities.

The meeting, which was attended by the Governor of the Central Bank, Ahmed Ghaleb Al-Ma'baqi, listened to a brief briefing from the Prime Minister on the current economic situation, the measures required to control inflation, the general budget deficit, price fluctuations in the exchange markets, and basic goods and services.

The briefing included economic, financial and monetary indicators, and the recent changes in the status of the national currency in light of the continued halt in oil exports, the rise in shipping prices and their disastrous repercussions on living conditions that were exacerbated by the terrorist attacks of the Houthi militias supported by the Iranian regime.

The meeting also listened to a report on the work of the Crisis Management Committee during the past period, and a presentation on the challenges facing Yemenia Airlines, due to the Houthi militias continuing to hijack a number of the company's aircraft, confiscating its funds, and the risks posed to the national carrier by these arbitrary practices.

The meeting discussed the existing and potential economic and humanitarian scenarios, and the policies and measures necessary to end monetary distortions and control exchange rates, maintain economic, service and commodity stability, improve the state’s access to its public resources, ensure continued fulfillment of its imperative obligations, and proceed with its comprehensive reforms supported by the regional and international communities.