The Office of the UN Envoy revealed that it is conducting consultations with Central Bank officials in both Sanaa and Aden, with the aim of reaching solutions to avoid Yemen from a deep and comprehensive economic collapse, and to ensure the payment of the salaries of state employees in all Yemeni governorates.

An official in the office of the UN Special Envoy to Yemen said in statements to Asharq Al-Awsat that his consultations and discussions are continuing with Central Bank officials in Sanaa and Aden. To find technical and sustainable solutions; To avoid a deeper economic collapse, including evaluating the optimal money supply and unifying the exchange rate across the country.

He added that he held discussions on this matter in Sanaa this month, noting that “the unified currency and the unified banking sector bring financial strength and stimulation to the economy,” as he put it.

The office of the UN envoy to Yemen, Hans Grundberg, explained that more than 70 percent of Yemenis suffer from poverty, while stressing that women are the most affected.

He stressed that "unifying the banking sector and the currency is an essential step to ensure the payment of the salaries of public sector employees, which is vital for millions of Yemenis."

The official in Grundberg's office indicated that the office has been working since the beginning of the banking crisis last April with the Central Bank in Sana'a and Aden to discuss technical and sustainable solutions. To avoid a deeper economic collapse, “they include assessing the optimal money supply, ensuring exchange rate stability, and financing government spending sustainably.”

The official confirmed that “consultations are continuing regarding these and other options. Recently, discussions took place this month in Sanaa.” He added: "We reaffirm that the unified currency and the unified banking sector bring financial strength, stimulation of the economy, and an increase in purchasing power for Yemenis. In order to achieve the interest of the people, these issues must be kept away from politicization."

The statements of the UN envoy’s office come at a time when the Yemeni government is trying to control the sharp decline in the national currency, amid deteriorating economic and living conditions that the country is experiencing, after about 10 years of the coup and war that Yemen is witnessing.

During the past few days, the national currency witnessed a record decline in the liberated governorates against foreign currencies, as the price of the dollar against the Yemeni riyal reached 2041 riyals, while the purchase price of the Saudi riyal recorded 537 riyals.

Earlier, Finance Minister Salem Ben Brik called for international financial support for the legitimate government, to curb the ongoing collapse of the national currency against foreign currencies.

This came during a meeting with Finance Minister Salem Ben Brik, in Washington, DC, with the American envoy to Yemen, Tim Lenderking.

The government agency Saba reported that during the meeting, the latest developments in public finances, the repercussions of the economic war waged by the Houthi group against the Yemeni people, and aspects of joint action to address the existing economic crisis were discussed.

The Minister of Finance said that the economic war in its effects and repercussions on the citizen are comparable to the effects of military war, stressing that the priority at the present time is to support public finances, remedy the repercussions of the decline in the value of the currency, and maintain the stability of institutions and services.

Minister Ben Brik praised the American humanitarian and technical support, stressing that the economy represents the main gateway to addressing the humanitarian crisis in Yemen, which has doubled as a result of the Houthi group’s attacks in the Red Sea and the subsequent disruption of supply chains.

In turn, the American envoy affirmed his country’s government’s commitment to supporting the government, and its keenness to enhance its performance and stabilize the economic situation