PM admonishes C. bank governor to guard against currency devaluating practices by Houthi militia

Local 0

September Net

Prime Minister Ma’een Abdulmalik has admonished the newly appointed governor of the central bank to guard against practices by the Sana’a-based Houthis that keep causing the Riyal to lose value.

In a meeting held in Riyadh, the prime minister warned Ahmed al-Fadhli of the effect of speculation, laundering, counterfeiting and other misuses of money that have been hitting the national currency hard causing its devaluation.

He urged the bank to take measures to stem the adverse effects and keep the currency exchange rate stable to prevent further impacts on the Yemeni people suffering the consequences of the Houthi years long war.


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