Yemen official explains the way to stop the national currency's devaluation

Yemen official explains the way to stop the national currency's devaluation

 

Yemeni Deputy Minister of Information Mohammed Qayzan has called the Yemeni government to make a full and "permanent comeback to the country and to assert its control over the country's oil and gas facilities" as the first steps to stop the continuous depreciation of the riyal.

The Yemeni currency has been in constant devaluation for years and the devaluation worsened in recent weeks amidst local appeals to the government to end the United Arab Emirates' occupation of the country's natural gas facilities in preparation to resume gas exports and eventually stabilize the riyal's exchange rate against the foreign currencies.

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