Economic journalist warns speculators: "The coming days are bleak and shocking."

Arabian Sea Newspaper - Special

((Arab Sea)) Majid Al-Daari Economic journalist Majid Al-Daari published a strongly worded warning to money exchangers and those involved in currency draining and speculation, stressing that the next stage holds "grim and shocking" surprises for market tycoons, due to radical changes that have begun to strike the depth of the dilapidated financial system in Yemen. In a post on his official Facebook account, Al-Daari said: "Money exchangers do not realize the significance of the Central Bank in Aden succeeding in stabilizing an improved exchange rate for the first time since the bank was moved from Sana'a, nor do they know who is behind supporting the governor in his bold decisions to revoke the licenses of 28 exchange companies... and the list is not yet complete." He pointed out that those manipulating the exchange market are unaware of the profound impact of reactivating the Sovereign Resources Committee and directing sovereign revenues to the Central Bank, which he considered a qualitative leap that prompted the government to form the Supreme Committee for the General Budget, for the first time since the outbreak of the war and the economic collapse. Al-Daari considered these measures to be of greater economic value than obtaining a financial grant of five billion dollars, stressing that the roots of the crisis are not in the absence of support, but in the absence of will and mismanagement. He addressed a direct message to those he described as "pessimists and speculators," saying: "If you are not convinced, then unfollow me or block me... but the coming days will shock you."