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Das Nationale Team Für Die Externe Kontaktaufnahme - Jemen

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طباعة العملة

ECONOMIC SITUATION – June 2021

 

  1. The salary interruption crisis in Yemen has been one of the most distressing issues that trouble the Yemeni people, especially as the countries of the War Coalition continue to use the economic situation as leverage in their economic and military war to pressure the National Salvation Government in Sana’a to accept their dictates. They are indifferent to the miserable condition of Yemen, in which the humanitarian situation has been described internationally as the worst humanitarian disaster in the world. Consequently, the Yemenis have been suffering severely as they are deprived of the most basic necessities of life, and this has added to their heavy burdens of life, according to dozens of international reports.
  2. Since the beginning of the war on Yemen about 5 years ago, the public sector employees, particularly in the education sector in the governorates under the rule of the National Salvation Government in Sana’a, have been suffering from interruptions of salaries, and the lack of operating budgets for educational institutions. This has caused irreparable damage to public schools and universities, and greatly affected the right to education, especially among children.
  3. Since the transfer of the Central Bank from the Capital, Sana’a, to the governorate of Aden in August 2016, the Salary Issue has been subjected to international, regional and partisan political calculations by the War Coalition countries. Meanwhile, the conditions of public sector employees have been deteriorating to the worst and public institutions, whether in the northern or southern governorates, have also threatened to completely stop providing essential services, which results in paralyzing the daily life movements of citizens.
  4. The countries of the War Coalition and their mercenaries have printed counterfeit banknotes in denomination of One Thousand Riyal, similar to those printed by consensus in 2017 (1438 AH), pumping large cash amounts of the new banknotes into the governorates under their control. The amount of money printed under the orders of the War Coalition countries and their mercenaries until this month of June has amounted to five trillion and 320 billion riyals, which is three times the cash issued by the Central Bank in Sana’a from 1964 to 2014.
  5. The value of the exchange rate of the Yemeni Riyal against the US dollar has declined sharply in the governorates under the Saudi-UAE occupation, as a result of the useless monetary policy and the printing of new banknotes without an economic and legal cover. This has led to a sharp decline in the foreign exchange reserve in the Central Bank in Aden and its inability to meet the market’s need of foreign currency. Consequently, the exchange rates of the Yemeni riyal, against foreign currencies in Aden, amounted to approximately 1,000 riyals for one US dollar, and this is reflected on the living conditions of citizens in those governorates. On the contrary, the Yemeni Riyal has considerably maintained a state of stability in the Capital Sana’a, as the dollar rate there has not exceeded the limits of 600 riyals against the US dollar.
  6. The countries of the War Coalition continued to detain oil derivatives ships, preventing them from docking at Hodeidah port, and causing some of them to return back to their places of departure without unloading their cargo due to the long period of detention, despite obtaining the UNVIM pass permits. This has further exacerbated the humanitarian, health and service conditions, doubled the demurrage and detention charges, and caused price hikes as well as the collapse of basic services.

 

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