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Al-Houthi addresses liquidity with an interesting proposal

English - Saturday 10 July 2021 الساعة 02:48 pm

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Sana'a, NewsYemen:

 The leader of the Houthi militia - the Iranian arm in Yemen - sparked a wave of ridicule and widespread ridicule on social networks, against the background of his proposal in which he claimed to address the issue of liquidity of the local currency in Sanaa and its neighboring governorates.

In a tweet to him on (Twitter), Muhammad Ali Al-Houthi, the governor of the Central Bank of Sana’a, directed to put a zero in front of coins, believing in this “an easy option and a temporary solution to the liquidity problem.”

Al-Houthi said, "Put a zero in front of the coins so that it becomes (5 = 50, 10 = 100, 25 = 250, 50 = 500, 100 = 1000).

The proposal showed the Houthi leader's ignorance of the simplest concepts of the economy, and activists commented on the communication networks, reminding Al-Houthi that there are no coins from most of the proposed categories in his tweet, which they described as zero.