Yemeni President Abd Rabbu Mansour Hadi on Monday (October 15th) dismissed Prime Minister Ahmed bin Dagher and ordered him to be investigated in connection to the country's economic woes, AFP reported.
His dismissal was brought on because of the government's "inability to take real measures to stop the economic deterioration in the country, especially the collapse of the currency", Hadi said in a statement carried by local media.
The riyal has lost more than two-thirds of its value against the dollar since 2015.
Last month, demonstrations over the high cost of living and the sliding riyal hit several Yemeni cities including Aden, the temporary headquarters of the internationally recognised government.
As bin Dagher's replacement, Hadi appointed Moeen Abulmalik Saeed, minister of public works and roads.
Hadi said his decision to replace Dagher came "as a result of the negligence that accompanied the government's recent performance in economic and service fields".
The Yemeni president said he also was swayed by "the government's faltering performance in alleviating the suffering of our people, solving its problems and providing for its needs".
In addition to dismissing Dagher, Hadi also called him out over his "failure" to take necessary measures to respond to a "catastrophic" tropical storm that slammed into eastern Yemen at the weekend.