Where on Earth could this happen except for Yemen?

One of the crucial issues that Yemen faces is the ignorance of  Yemeni businessmen and traders who always conjure up ways to make large profits at the expense of the nation and of the country’s economy. Most  Yemeni businessmen and traders never consider the interests of their country and that any economic irregularities or problems would reflected indirectly on their interests. The latest proofs of this were when traders and businessmen rushed to dry up the market on foreign currencies and in turn raised the exchange rate of the dollar, the consequence being the record low of Yemeni Riyal.

Exchange rates can go up and down all over the world due to economic crisis. But as we have said they go up and down and up again when the causes of the crisis are eliminated, except in Yemen where when the Yemeni Riyal drops it never rebounds even if the causes are transcended. Why? Simply because our businessmen would never agree to sell the hard currencies less than the rates they had bought them. They would even sell them with higher rate so as to make profits not knowing that these were actually losses and not profits. In short they believe in making gains and never losses.

 The other proof is represented in one of the reports published in this edition of Yemen Observer over the violations committed by many traders and companies that import contaminated food items and counterfeited materials that are not fit for human use or human consumption.

The Yemeni markets are flooded with contaminated food items and other expired materials that were imported by Yemeni traders who bought them knowing they were expired or contaminated.

Most of the imported goods that were confiscated and destroyed by the Standards and Qualifications Authority cause dangerous environmental pollution. Experts said that these expired or contaminated materials had to be re-exported to the countries they came from.

Some of the experts further said that the exporting countries might have paid the Yemeni traders in order to get rid of them. However our ‘respected’ traders did not mind selling these contaminated goods after  changing  the expiration dates to the Yemeni citizens, making more profits on the account of who!

The dishonesty problem goes on to other sectors such as contractors who cheat on their contracts building inefficient schools, hospitals, roads and other facilities. Many school buildings were damaged two or three years after they were submitted by the contractors and some of them had cracks even before the submission. Where on earth this can happen except in Yemen?

It is well known that the development and advancement in western countries was accomplished by the private sector that is well educated and aware about their countries interests.

The problem is that most Yemeni traders, businessmen and contractors are not well educated.

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