President Al-Zubaidi Urges Commercial Sector to Swiftly Adapt to Improved Exchange Rates

President Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council (STC) and Vice Chairman of the Presidential Leadership Council (PLC), met on Monday in the capital, Aden, with Rashad Hayel Saeed Anam, Deputy Chairman of the Regional Board of Directors and Deputy Managing Partner of the Hayel Saeed Anam group (HSA).

During the meeting, President Al-Zubaidi listened to a comprehensive briefing on the group’s efforts to supply the local market with essential goods and foodstuffs and ways to enhance supply stability and meet citizens’ needs amid current economic conditions.

President Al-Zubaidi emphasized the critical responsibility borne by major commercial groups—particularly the HSA group—in securing citizens’ essential requirements and ensuring market stability.

The President highlighted the commercial sector’s imperative to proactively engage with the government’s ongoing financial and administrative reforms and to take urgent measures to lower prices, especially in light of the remarkable improvement in the value of the local currency in the recent weeks.

President Al-Zubaidi also reiterated that citizens’ welfare remains the top priority and reaffirmed the state leadership’s commitment to providing all possible facilitations for importers and major commercial groups to bolster their capacity to responsibly and honestly fulfill their vital role in serving society.