- The economic situation continues to worsen and deteriorate for the majority of Yemenis in all governorates, especially public service employees, due to the non-disbursement of their salaries since the Central Bank was transferred from the Capital, Sana’a, to Aden Governorate in October 2016. This has led to an unprecedented humanitarian catastrophe.
- The Speaker of the Yemeni Parliament in Sana’a addressed the British House of Commons and the Bank of England with an official letter regarding the balances of foreign assets accounts of Yemen. In his letter, he pointed that the Central Bank, Aden Branch, has not fulfilled its commitment to the United Nations to pay civil servants’ salaries in the various governorates of the Republic of Yemen for five years. He also warned the House of Commons and the Bank of England against granting the Bank of Aden any power to dispose of the funds frozen in the Bank of England, as this would deprive the Yemeni people of their rights to these assets.
- During the month of October 2021, foreign exchange rates showed a rapid increase against the Yemeni riyal in the southern Yemeni regions occupied by Saudi Arabia and the UAE, as the US dollar rate crossed the barrier of 1400 YR, while the Saudi Riyal goes beyond 360 YR. This has exacerbated the problem of food insecurity, as millions of people are unable to afford enough food for their day in those areas. On the contrary, the Yemeni Riyal maintained a state of stability in the area ruled by the National Salvation Government in Sana’a, as the dollar rate has not exceeded the limits of 600 YR against the US dollar.
- The World Food Program (WFB) stated that prices have risen by more than 70% in areas under the control of the Saudi-led Coalition of war on Yemen, as the local currency deteriorated and import costs rose. WFB added that Yemen’s alarming and rapid economic decline threatens to worsen the hunger crisis.
- All southern Yemeni governorates under the Saudi-Emirati occupation continue to witness escalating protests, denouncing the economic deterioration, the above-average prices increase and the collapse of the local currency value. Most of the shops, banks and bakeries were closed, and the exchange and transfer networks were suspended.
- The Saudi-led Coalition mercenaries exchanged accusations among themselves, as the so-called Prime Minister of Hadi Government confirmed that 70 billion Yemeni Riyals had disappeared from the revenues of one of the provinces controlled by War Coalition, while cars were purchased for 10 billion YR. He added that the governor of that province was dismissed and 20 billion YR of the revenues account was frozen.
- Yemen Petroleum Company (YPC) in Sana’a announces that the gas ship “Claudia Gas,” detained by the Saudi-led Coalition for more than 80 days off Jizan, is released with demurrage fees amounting to 1.6 million dollars. The remaining oil derivatives ships continue to be detained despite having the UN pass permit documents after inspection.
