Taiz Local Authority discusses financial crisis

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Taiz Local Authority discusses financial crisis

[08/09/2020 02:05]

TAIZ-SABA
Taiz Local Authority has discussed repercussions of the sharp drop of the price of the national currency, Rial, on the people's living conditions over skyrocketing of goods' prices and increased fees imposed on money transfer.

Presided over by Deputy Governor of Taiz Abdulqawi al-Mikhlafi on Tuesday and included directors of financial and control and audits offices, taxes officials, trade chambers, syndicates of money-exchangers and banks' representatives, the meeting discussed different viewpoints led by the chamber's vision.

The meeting stressed significance of making an end to money speculation and deposing funds, calling banks to activate their monitoring role on private banks and exchangers for helping keeping hard currencies available in the markets.

Al-Mikhlafi directed the committee entrusted of monitoring financial crisis to study different visions to come out with inclusive vision to be implemented next week.

The meeting demanded the Central Bank of Yemen to make a list for names of exchangers who have no licenses for taking legal action against them.