Taiz.. A comprehensive strike of shops and exchange facilities in protest against the collapse of the currency

Shops and exchange offices closed their doors on Wednesday morning in the city of Taiz, in protest against the collapse of the local currency.

A correspondent for Yemen Youth Net said that the city of Taiz witnessed a comprehensive strike on Wednesday morning in shops and exchange offices, in protest against the collapse of the currency.

The strike coincided with a demonstration by citizens who took to the streets of the city chanting slogans of a revolution against hunger, denouncing the collapse of the currency and the deterioration of living conditions in the country.

Yesterday, Tuesday, the Yemeni government approved a number of treatments regarding the decline in the local currency, in an emergency meeting held by the Prime Minister with the leadership of the Central Bank and the Ministry of Finance.

Prime Minister Ahmed Awad bin Mubarak said, "The government is well aware of the disastrous consequences of the decline in the exchange rate of the national currency on the daily lives of citizens, and it is working hard to put an end to this."

For his part, the Governor of the Central Bank, Ahmed Ghaleb, said, "The pressure on the exchange rate of the national currency is increasing with the cessation of the most important national resources, the decline in aid, and the decrease in state revenues."

He pointed out that "the measures required from the Presidential Leadership Council and the government are to support the Central Bank to carry out its duties in these circumstances," noting that the bank has taken urgent measures to deal with the current developments in the exchange markets and the work of the banking sector, including announcing a public auction to sell $50 million.

In this regard, the Deputy Governor of the Central Bank, Mohammed Omar Banajah, said, “These sharp fluctuations in the exchange rate are an inevitable result of the deteriorating economic situation in the country, which directly affects the banking and financial sector.”

The Yemeni riyal witnessed a new record decline against the dollar, and the price of the dollar exceeded 2,000 Yemeni riyals, while the price of the Saudi riyal exceeded 520 riyals, in light of the government’s inability to find a solution to the worsening living crisis.