Yemeni riyal significant decline increases citizens’ suffering in southern provinces

SANAA, March 08 (YPA) – The Yemeni riyal on Tuesday continued its frightening decline against foreign currencies in the southern provinces, controlled by Saudi-led coalition, which portends an economic catastrophe that doubles the burdens on the Yemeni citizen.

The Yemeni riyal exchange rate reached 1,279 for one dollar and 336 riyals for the Saudi riyal in the provinces of Aden and Hadramout, in light of the inability of the coalition and the “Hadi government” to limit the collapse of the local currency.

Meanwhile, observers of economic affairs in Yemen saw that the financial policy of the Salvation Government in Sanaa proved its success in maintaining the stability of the local exchange rate of the Yemeni riyal at 603 riyals per dollar.

As for the average dollar exchange rate on the black market in the capital, Sanaa, it reached 605 riyals.

YPA