The Ministries of Finance and of Economy, Industry, and Investment have commended the recent actions taken by the Central Bank as part of its efforts to reform and stabilize the monetary system. These actions include the release of the second edition of the 200-riyal banknote and the minting and circulation of a newly introduced 50-riyal banknote.
In a joint statement, the two ministries emphasized that the Central Bank's initiatives are a fundamental aspect of its legal mandate and represent key tools to address the widespread issue of damaged currency. They noted that these measures are essential in mitigating the impact of the ongoing war on the national currency—an economic war deliberately waged by the aggression forces and their allied mercenaries.
The statement praised the recent steps, asserting that they will improve the flow of cash and ease the circulation of small-denomination banknotes, whose scarcity has directly affected the daily lives of millions of Yemenis.
The statement noted that the issuance of the new currency at this time delivers a strong blow to the tools and mercenaries of the aggression, who have increasingly turned to economic warfare following their military failures and defeats.
It added that Sana'a has once again demonstrated remarkable success in managing the national economy, particularly in stabilizing the currency and exchange rates—an achievement made more significant in light of the record levels of inflation and volatility seen in the occupied governorates, which portend a looming economic disaster.