Yemeni Prime Minister Moin Abdul Malik stressed the need for everyone to work on finding viable solutions regarding the stability of the currency and economic revival.
"Everyone should work to find viable solutions, and create the conditions for fair competition among all traders, as competition is the basis for maintaining prices," he said.
Abdul Malik explained that stability of commodity prices and the exchange of currencies for a period of time will have a positive impact on determining and stabilizing commodity prices.
Chairing a meeting with public sector and central bank officials in Aden on Saturday, Abdul Malik stressed the importance of boosting partnership among the government, Yemen’s Central Bank and merchants to contribute to the establishment of a mechanism for commodity prices and food delivery to all citizens in different governorates, without exception.
He pointed to the significance of Saudi Arabia's one billion dollars deposit and revenues in establishing a strong financial center that contributes to securing the national economy, providing food security and enabling state institutions to carry out their national and humanitarian duties and responsibilities to the fullest.
"The government is receptive to the proposals of documentary credits for open commodities through the Central Bank of Yemen, and the difficult current conditions experienced by the country, which requires concerted efforts of all to face all difficulties, and overcome them."
The meeting included Central Bank Governor Hafiz Muayad, his deputy Shakib Hubaishi, Deputy Minister of Industry and Trade Salem al-Wali, member of the Economic Committee Ahmed Ahmed Ghalib, Undersecretary of the Aden Governorate for Projects Sector Eng. Ghassan al-Zamaki and a number of businessmen and investors.
Muayad, for his part, stressed the importance of cooperation and prioritization of public interest during the coming period.
He highlighted the Central Bank’s interest in boosting partnership with the private sector because it is keen to achieve economic recovery, the stability of commodity prices and currency exchange.
