Issuing a working paper on the decision not to deal in cash and its implications
English - Thursday 16 January 2020 الساعة 07:20 am
aden,newsyemen
The Yemen Economic Reforms Team issued a position assessment paper on "the decision not to deal with the new monetary issue and its implications on the humanitarian, economic and political levels."
The team composed of elite private sector and volunteer economic experts stressed that the decision causes serious repercussions, including an increase in the economic downturn, and an increase in the suffering of Yemeni citizens, besides that the private sector will incur heavy losses.
The team also reviewed the humanitarian, economic and political implications of the decision, the historical background of the currency deterioration, the risks of inflation in currency printing, and the duplication of decisions related to the banking sector between Aden and Sanaa.
This was published on his page (Mustafa Nasr), head of the Center for Studies and Economic Media, indicating that addressing these decisions comes within the framework of a comprehensive political solution, which Yemenis are supposed to turn to as soon as possible.
The volunteer team called for the necessity of working on an urgent solution to avoid more costly losses, on the humanitarian, economic, social and political levels, and the consequent deterioration in health and other conditions.
The team concluded by calling for assuming legal and ethical responsibility to withdraw from the decision because it would cause it to hinder economic activity and multiply the suffering of the movement of goods and money transport between the Yemeni governorates.
