Yemeni riyal continues to fall against foreign currencies on Thursday

SANAA, Sept. 12 (YPA) – The Yemeni riyal on Thursday fell sharply against foreign exchange rates in the local financial markets to stop at 613 riyals per dollar, influenced by differences among Aden Central Bank’s leaders and the ongoing conflict between Saudi-UAE coalition militias in the occupied province of Aden.

According to banking sources, the arbitrary measures taken by governor of the central bank of Aden Hafedh Meayad, who addressed the international financial remittance companies to stop dealing with institutions and exchange companies licensed from the Central Bank in Sanaa which represents 85% of the total banking sector, have further exacerbated the economic situation and caused the collapse of the currency.

This assured that Meayad is running an agenda of Saudi-led coalition countries that serves their economic war against Yemen, the sources added.

YPA