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FinancialNews


  • 03-10-18

    Yemen's PM warns: economy on verge of collapse

    (MENAFN) The Yemeni economy is on the verge of a complete collapse, warned the country's Prime Minister Ahmed Obeid bin Daghr after witnessing an accelerated depreciation of the national currency.

    The statement has been made during a meeting with top Yemeni officials, addressing the causes of the fast depreciation of the Yemeni riyal.

    "The country is passing through very complicated days and teetering on total economic collapse," the Yemeni prime minister stated.

    "Only a number of hours were separating us from the total collapse of the country's already weakened economy," the prime minister noted.

    Bin Daghr warned that "the collapse led to a state of fear, anxiety, and even panic among citizens from different social categories, the rich and the poor."

    He added that "many Yemenis asked me about the reasons and that's all because of the country's general situation."

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