Source: Prime Ministry
His Excellency Dr. Rashad Mohammed Al-Alimi, President of the Presidential Leadership Council, met today, Sunday, at Ma’ashiq Palace in the temporary capital, Aden, with Prime Minister Dr. Ahmed Awad bin Mubarak, the head of the economic team, Hussam Al-Sharjabi, and the deputy head of the team, Othman Al-Hadi, to discuss the latest economic, financial, and monetary conditions, and coordinated measures with all authorities to curb inflation and strengthen the national currency’s position.
The Prime Minister provided a new briefing on the changes in the economic, financial, and monetary situation and proposed interventions to improve the status of the national currency and mitigate the side effects of price fluctuations on living conditions and services.
The meeting addressed the necessary efforts to combat all forms of smuggling and activate laws that incentivize the role of relevant authorities at the sovereign borders. It also discussed strengthening their role in protecting national products and industries.
In this context, the meeting emphasized a package of necessary measures and actions to address the public budget deficit, deter currency speculators, streamline the import bill, control and monitor the money supply, and activate law enforcement agencies to support the Central Bank’s independence and its legal policies in managing the banking sector.
During the meeting, the President of the Presidential Leadership Council reaffirmed the need to hasten the implementation of the economic rescue plan and to mitigate the repercussions of the monetary split imposed by the Houthi terrorist militias supported by the Iranian regime.
His Excellency also expressed appreciation for the role of the brothers in the Kingdom of Saudi Arabia, the United Arab Emirates, and regional and international partners in supporting the government’s efforts to fulfill its critical obligations, primarily the payment of employee salaries and securing essential goods, services, and livelihoods for millions of Yemenis across the country.
