Yemeni Prime Minister Orders Price Reductions and Tighter Market Oversight Amid Ongoing Currency Recovery
Yemen Monitor – Newsroom:
Yemeni Prime Minister Salem Saleh bin Buraik has emphasized the urgent need for the recent improvement in the Yemeni rial’s exchange rate to be directly reflected in the prices of goods and services, warning against manipulation or delays in reducing prices.
The statement came during a field visit to the Ministry of Industry and Trade in the interim capital, Aden, where he chaired a meeting with ministry officials to review efforts related to market monitoring and price control.
The Prime Minister stressed the importance of taking strict action against violators and called for the formation of effective oversight teams in coordination with local authorities. He also warned against these teams becoming tools of extortion or corruption, instructing the ministry to issue weekly awareness bulletins and launch hotlines for citizen complaints.
He further called for a transparent pricing policy based on actual import costs, requiring merchants to provide official invoices and link domestic prices to the daily exchange rate. Bin Buraik affirmed the government’s commitment to protecting consumers and maintaining market balance.
He reiterated the government’s dedication to continuing economic reforms and easing the living burden on citizens, urging the public to support monitoring efforts and report any violations.
For his part, the Minister of Industry and Trade pledged to take firm action against non-compliant merchants, including revoking business licenses and publicly naming violators in a blacklist.
In recent days, security and regulatory campaigns have been launched across several governorates under government control—such as Al-Mahrah, Hadhramaut, Marib, Taiz, Aden, and Lahj—to monitor price reductions following the notable recovery of the Yemeni rial against foreign currencies.
