European missions in Yemen: The Houthis’ issuance of a coin “deepens the division”

European missions in Yemen: The Houthis’ issuance of a coin “deepens the division”

Yemen – European organizations and countries denounced the Houthis’ issuance of a new coin, warning that this step “deepens the division” in Yemen, especially in the economic sector.

This came in separate statements published by the missions of the European Union, Britain and France to Yemen, through their accounts on the “X” platform.

The European Union delegation to Yemen expressed its “deep concern” regarding the Houthis’ decision to issue a 100 Yemeni riyal coin (equivalent to approximately 40 cents).

She warned that such “unilateral decisions” would lead to “deepening the division of the Yemeni economy” and “do not serve the peace and prosperity of Yemenis.”

She stressed that “constructive engagement in UN peace efforts, which envisage negotiations on pivotal economic issues, is the only way forward.”

She stressed that the European Union “will continue to support the role of the Central Bank of Yemen and its governor, Ahmed Ghaleb, in maintaining the stability of the financial sector.”

For its part, the British Embassy in Yemen condemned the Houthis’ issuance of the new coin, describing it as a “counterfeit” currency.

It warned that this step “threatens to destabilize banking stability and deepen divisions in the fragile Yemeni economy.”

The embassy called on the Houthis to reverse the “reckless” step and “engage in United Nations efforts to resolve the economic division” in Yemen.

Likewise, the French embassy in Yemen considered the Houthis’ issuance of a coin “an illegal decision issued by an unrecognized party.”

She warned that the Houthi move “deepens the state of division in Yemen, at a time when the Yemeni people need unity, especially currency unity.”

As of 17:20 GMT, the Houthi group had not issued a comment on the statements of the European Union, Britain, and France.

On Saturday, the Houthi group announced, for the first time, the minting of a 100-riyal coin.

She explained in a statement that “the offering of the new category of currency will not affect exchange rates, as the issuance is intended to replace damaged currencies, and there will be no addition to any monetary mass on offer.”

The next day, the Central Bank of Yemen considered the Houthi group’s move to issue coins a “dangerous and illegal escalation,” warning citizens once morest trading in them.

For nearly two years, Yemen has witnessed a lull in a war that began regarding 9 years ago between forces loyal to the legitimate government, supported by an Arab military coalition led by neighboring Saudi Arabia, and the Houthi forces, supported by Iran, who have controlled governorates and cities, including the capital, Sanaa (north), since September 21, 2014. .

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2024-04-07 17:14:56

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