Chairman of the Economic Commission holds the governor of the central bank responsible for implementing procedures to stop the collapse of the Riyal firmly

Chairman of the Economic Commission holds the governor of the central bank responsible for implementing procedures to stop the collapse of the Riyal firmly

Chairman of the Economic committee Hafez Me’aiad, blamed the Governor of the central bank, execution of the cash procedures to stop the collapse of the local process.

In a post on his Facebook page, Me’aiad said the committee, which was formed by President Hadi, is responsible for providing opinion, not for implementing the decisions taken.

"The governor of the central bank is legally responsible and we are ready to help him when needed," he added.

The Yemeni riyal is witnessing a continuous collapse of foreign currencies, especially the dollar and the Saudi riyal, amid a government deficit to solve the problem of real deterioration.

He put forward two steps that he said the central bank should do if it wants to stop the collapse, by  "Speeding up the steps of opening credits, because trust is completely absents by traders in the procedures, and second, to enter firmly against speculators in the currency."


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