opinion
How to Solve it?
Everyone asks about solutions for high prices, poor services, currency deterioration, economic collapse …etc. Unfortunately, they demand answers for tens of question as if this will be solved by Moses Wand!!
In response to these persistent questions, we have to discuss facts, describe reality, diagnose the problem roots and components and suggest solutions through inclusive mechanism. In short, this can be done via two equations, the first represents the problem while the second represents the solution.
First of all, where is the problem. The problem can not be limited to deterioration of Yemeni Riyal and economic collapse as both are results of several wrong acts and decisions in addition to lack of responsibility and efficiency. Several negative factors accumulated over time as several bodies are responsible for them. these factors led to economic collapse. The most prominent factors responsible for that are: Presidency’s lack of political will + elimination of well-qualified persons + lack of censorship and accountability + low personal, ethical and religious standards + halt of production cycle + lack of currency reserve + extensive printing of national currency + high prices of goods and services + high rates of inflation + low exchange prices of Yemeni Riyal in front of other currencies = economic collapse.
These are the roots of the problem. So, can it be solved so that the national economy can heal? Or is the solution limited to Saudi deposit, support of electricity and fuel, formation of economic commission, declaring illusionary projects, magic solutions of social media or anything else?
Second, the solution is in correcting these mistakes and breaking up this iron ring through reformulating its components via synchronous inclusive measures and clear executive mechanisms so that we can reach economic stability and then welfare. We actually need bold decisions away from favoritism and sectarianism to reformulate tasks, responsibilities and authorities on all levels, starting from the presidency and the government, passing through the executive and censorship systems and finally reaching all components of the society. This is clear in the following equation: Effective presidency + efficient government + qualified and specialized personnel + active censorship and accountability system with punishments + high standards of personal, ethical, social and religious responsibility + active production cycle in all sectors + active banking cycle with censorship to increase customers’ trust + control and improve incomes + decrease expenses + support of currency reserve + control of liquid money cycling and printing + control of goods and services prices + good command over inflation + increase of Riyal value = Stable economy, economic development and welfare.
Do we have the will to take decisions and measures to solve the problem? History of human civilizations indicated that massive achievements always require massive sacrifices. Can we expect reform decisions starting with presidency and government?
