Yemen’s Cabinet Holds Meeting on Current Developments and Economic Conditions Related to Local Currency Collapse

Aden, The Yemeni Cabinet, chaired by Dr. Ahmed Obeid bin Daghr, held a meeting here today to discuss the current developments and economic conditions related to the collapse of the local currency against foreign currencies, and the measures taken by the government in this regard.

During the meeting, Yemeni PM said that the grant of the Custodian of the Two Holy Mosques will definitely stop this terrible deterioration of the Yemeni riyal.

Bin Daghr thanked the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Vice President of the Council of Ministers and Minister of Defense, and the people and government of the Kingdom of Saudi Arabia.

He pointed out that the reasons that led to the collapse of the riyal is the Houthi coup, renewing his call on the international community and the United Nations to pressure Iran-backed Houthi militia to return looted funds from the Yemeni Central Bank in the Yemeni capital Sana'a.

Source: Saudi Press Agency