An economic expert in Sanaa recently highlighted the negative impact of the Central Bank of Aden’s decisions, controlled by the Saudi-led coalition, on the currency exchange rate in southern Yemen. Rashid Al-Haddad criticized the ill-considered decisions, stating they have pushed the exchange rate towards collapse and further reinforced division in the region.

Al-Haddad emphasized the importance of thoughtful economic decisions that align with the needs of the market, promoting stability and confidence in government banks. He suggested that strategic and objective measures could have immediate positive effects on the exchange rate, benefiting the economy as a whole.

This situation underscores the delicate balance between economic policies and their real-world implications, highlighting the need for collaboration and foresight in financial decision-making during challenging times.

YPA