Al-Zubaidi prevents the exit of hard currency from the south
English - Monday 02 August 2021 الساعة 02:56 pm
Aden, NewsYemen:
The second meeting with the Economic Committee and the Southern Money Exchange Association, chaired by Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council, decided not to allow hard currency to leave the south and allow its entry, in addition to not allowing points of sale to operate overtly, and to implement circulars issued by the Exchangers Association.
The meeting also came out assigning the ministers of the Transitional Council in the government of parity to pressure the government to rationalize consumption, as well as not to deal in hard currency in the sale and purchase of local and other products in the markets, in addition to controlling unlicensed money changers, and holding money changers who did not adhere to the prices set by the association.
Al-Zubaidi called on all money changers in the capital, Aden, to reach practical outcomes for this meeting, to serve as decisions to be implemented and help stabilize the local currency.
He stressed the importance of reaching beneficial outcomes for the southern homeland, and adopting them as an actual program of work; This contributes to alleviating the suffering of citizens, especially in this critical circumstance in which the government and the Central Bank have abandoned their duties.
He stressed that the Central Bank and the government are one of the reasons for the deterioration taking place, noting that the Southern Transitional Council, and with it the steadfast people of the south, will not wait long in the face of the economic crisis that hit the southern governorates, and caused great suffering among the citizens.
In turn, the economic advisor to President Al-Zubaidi, Minister of Transport in the equal government, Dr. Abdul Salam Humaid, called on all money changers to discuss the basic issue, and what should be done by the money changers, stressing that only money changers are able to put an end to the high inflation of foreign currency.
For his part, the official spokesman for the Exchangers Association, Sobhi Baghfar, stressed that the process does not take place properly unless the monetary cycle is completed, noting the need for an integrated system between the Central Bank and the Ministry of Finance.
And Baghfar indicated that they worked in the banking sector to stabilize the pricing of the currency, and expressed their willingness to implement any procedure with the help of the security and the Chamber of Commerce, stressing the desire of the Money Exchange Association to form a payments committee, and that what happened in the market is the most fake, stressing the need to stop importing luxuries and focus on basic materials.
He pointed out the need to control the smuggling process through networks and corridors, stressing that there is a process of making fake money changers; What requires tightening oversight to control speculators and violators, explaining that the Money Exchange Association has provided many solutions, but no one is working on treatments, including the loss of the control element.
Baghfar demanded the necessity of bank branches in the capital, Aden, to stand with the Association of Money Changers, and to approve a currency pricing in which everyone participates and to establish it on the reality, stressing that the commercial banks in the capital are working against the exchange in the south.
