Yemeni riyal continues to collapse in southern provinces

SANAA, Dec. 25 (YPA) – The Yemeni riyal exchange rate on Sunday continued to decline against foreign currencies in the southern provinces controlled by the Saudi-led coalition countries, reaching 1,202 riyals per US dollar in Aden and Hadramout provinces.

This suspicious fall of the local currency in the areas controlled by the coalition forces came after head of the Riyadh-formed “Presidential Council” Rashad Al-Alimi announced, last Monday, that his government was bankrupt and its inability to pay the salaries of its employees, starting from the beginning of the year.

Meanwhile, the exchange rates of currencies maintained its stability in Sanaa and the areas under the control of the Salvation Government at 560 riyals per dollar.

YPA