Yemeni currency continues to slide against foreign currencies‏

SANAA, June 25 (YPA) – The Yemeni riyal has plunged against foreign currencies over this month, according to banking sources on Tuesday.

The sources said that a dollar now worth 520 riyals on official markets due to the war and economic siege imposed by Saudi-led coalition on Yemen since 2015.

The collapse crisis still is going on to down the riyal because of the recent arbitrary measures carried out by Saudi-backed resigned Hadi-appointed governor of central bank Hafez Muayad against Yemen’s Association of Cashiers.

The cessation of oil exports, and targeting economic facilities are among the factors contributing to the collapse of the riyal, which caused increasing food and fuel prices and suffering of the Yemenis, the sources added.

Ali Ahsan