Aden Central Bank approves a new currency with a Saudi forecast of a Lebanese scenario
In light of Saudi expectations for a further collapse of the local currency in the southern Yemeni regions under its control, the Aden Central Bank approved the adoption of a new currency on Wednesday.
Exclusive – Al-Khabar Al-Yemeni:
In a statement issued at the conclusion of its seventh session in Aden, the Central Bank reaffirmed its desire to advance toward the adoption of digital currency and requested the swift ratification of its regulations.
The bank pointed out that the currency option is an alternative to printing paper currency.
The governor of the bank revealed that the bank is suffering from a shortage of resources and that the coalition, particularly the UAE, has refused to support it, demanding that it allow withdrawals from the accounts of the Central Bank in Abu Dhabi.
The Central Bank’s action comes as the value of the currency continues to collapse, with the dollar recently crossing the 1500-riyal threshold.
The plan, according to Saudi expert Saleh Al-Amar, is to replicate the Lebanese scenario, referring to the collapse of the currency there and anticipating a continued collapse of the currency in the areas of southern Yemen controlled by his country.
In response to what he described as the sick southern minds attacking his country’s ambassador to Yemen, Mohammed Al-Jaber, the Saudi official hinted that the currency collapse was manufactured by his country.