STC warns of popular revolution in southern provinces due to economic collapse

ADEN, May 09 (YPA) – The Southern Transitional Council (STC), funded by the UAE, on Monday warned of the dangers of the new collapse of the Yemeni riyal in the southern provinces, blaming the Riyadh-allied Presidential Council for the deteriorating economic conditions.

The STC said in a statement that “the repercussions of the currency collapse would be dire”, in a clear indication of the escalation of popular turmoil.

Observers saw that the STC’s warnings reflected its attempts to distance itself from any popular escalation against the Presidential Council, of which it is a member, as a result of the local currency collapse.

The exchange rate of the Yemeni riyal in the city of Aden has declined significantly during the past hours, where one dollar exceeded the barrier of 1,045 riyals.

YPA