The Center for Studies and Economic Media warns of the continuing split in monetary policy
English - Monday 28 December 2020 الساعة 07:40 pm
Aden NewsYemen:
The Center for Studies and Economic Media called for the need to end the division of monetary policy management, warning at the same time of the continuation of the conflict that casts a shadow over the humanitarian situation in the country.
The center had recommended in its latest economic bulletin to cancel all unilateral measures that directly affected the currency's stability during the past months.
He also indicated that the continuation of this division and its use in the political conflict exhausts the citizen's shoulders and affects his life, recommending at the same time the creation of an independent administration of the central bank that can monitor banking work in the context of preserving the currency.
In its economic bulletin, the center touched on the ongoing conflict between the Sana'a and Aden centers, which led to the deterioration of the riyal's price against foreign currencies.
For his part, the head of the center, Mustafa Nasr, expressed his optimism about the recovery of the Yemeni riyal during the past two days, as he said in a leaflet: “The recovery in the Yemeni riyal’s price against the dollar and its approach to 650 riyals per dollar is an event that raises optimism and expectations that it will improve further if the government receives direct support . "
In the same context, he added, "the current improvement is due to the positive political events following the formation of the government and the reactivation of the withdrawal from the remaining amounts from the Saudi deposit."
He concluded his speech by saying, "Such developments require an efficient and smart administration that captures these indicators and builds on them practical steps."
