(MENAFN- Gulf Times) Hundreds of demonstrators protesting against Yemen's deteriorating economic situation and weakening currency blocked major roads and burned tyres in the southern city of Aden yesterday, with shops and government offices closing.
The Yemeni rial has lost more than half its value against the US dollar since the start of a civil war in 2015 between the internationally recognised government, based in the south and backed by Saudi Arabia, and the Houthi movement which controls the north including the capital Sanaa.
Soaring prices have put some basic commodities out of reach for many Yemenis, and the central bank has struggled to pay public sector salaries on which many depend as foreign exchange reserves dwindle.
Aden's usually bustling markets were empty yesterday after the co-ordinating council of the General Confederation of Southern Workers' Unions called for civil disobedience.
Plumes of smoke from burning tyres filled the air, including in the main square where a National Bank of Yemen building is situated. There were reports of smaller protests in nearby municipalities.
'There is no alternative to change the situation except popular revolution against corruption in all its forms, said one of the protesters, Fadl Ali Abdullah. 'The people have lost confidence in everything around them.
The authorities have sought to boost liquidity by printing money, but the rial plunged from 250 to the dollar to 350 after the first batch of newly printed notes was rolled out last year.
It was trading at 440 to the dollar by the end of last year and crashed to around 500 in January.
Saudi Arabia, which is leading a military coalition against the Houthis, then deposited $2bn in Yemen's central bank to shore up the rial, but the currency has since weakened further to around 550 to the dollar.
Presidential adviser Abdel-Malek al-Mekhlafi called yesterday for 'deep reforms in different fields to halt the country's deterioration.
'Ensuring victory over the coupists, liberating the country and preserving legitimacy to restore the state cannot be done without reforming the legitimate (government) so that its performance can be at the level required for the current phase, he tweeted.
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