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Yemen’s PM lauds Arab Coalition role in stabilizing his country’s local currency

Aden, Yemen's Prime Minister Mueen Abdul Malik lauded the support being extended by Arab Coalition countries, led by the Kingdom of Saudi Arabia, to stabilize his country's local currency and finance food and basic goods.

Addressing a meeting in Aden, Yemen's provisional capital, with directors of commercial and Islamic banks operating in Yemen, he said the measures so far taken by the government and central banks have proved feasible to tangibly strengthen the Yemeni Riyal value, adding that such measures would enhance the monetary politics to positively lead to the amelioration of the economic situation and living standard for people.

According to Yemeni news agency, he said the collective responsibility would conduce to preserving the economic situation stability and steady local currency rate before foreign currencies.

Source: Saudi Press Agency

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