- Mass Starvation Looms as Yemen's Currency Nears Historic Freefall Archived Message
Posted by sashimi
on December 20, 2020, 11:30 pm
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Ahmed Abdulkareem, 18 December 2020 (quote) Both Saudi Arabia and the United Arab Emirates seem to be doing everything in their power to prevent an end to the suffering in Yemen. Even those living in areas under the total control of the wealthy Gulf monarchies are facing levels of devastation that harken back to the total destruction of European cities during World War II. With no functioning government to provide residents with even basic assistance and facing a collapsed economy amid a famine that could soon beset all of Yemen according to the United Nations, the collapse of Yemen's rial, particularly in Saudi-coalition-controlled areas, is proving to be the coup de grāce that will assure the country faces an apocalyptic level of destruction for years to come. ... Omer was one of the thousands of Yemenis that took the streets in Taiz and other areas this week in a mass protest against the continuing deterioration of the economic situation, denouncing the Saudi-led coalition states and demanding they leave the country. The demonstrators accused coalition countries and ousted Yemeni president Abdul Mansour al-Hadi of practicing a policy of starvation to achieve their personal objectives. They chanted slogans against Saudi Arabia and UAE with phrases like "our revolution is a hungry revolution," "take your aid, and leave us our oil," "take your donations, and leave us our ports," and "take your trust fund and leave us our wealth." According to local economists who spoke to MintPress, the reasons behind the collapse of Yemen's economy and its currency are many and varied but the expansionary monetary policy that has been taken by Saudi Arabia is one of the key drivers of the Yemeni rial's devaluation. (/quote) -- Cont'd at https://www.mintpressnews.com/famine-looms-as-yemen-currency-nears-freefall/273744/ |
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