Economists: Decline in currency rates in southern, eastern provinces is artificial

SANAA, Aug. 01 (YPA) – Economists warned citizens in the areas under the control of the Saudi-led coalition of the repercussions of the sudden and unjustified drop in foreign exchange rates, as the US dollar reached 1402 riyals and the Saudi riyal reached 370 riyals.

The economists confirmed that this is a new fraud to lure many citizens into the trap of manipulating exchange rates and selling their money at prices below its value.

They explained that the decrease in the selling price of currencies without returning the proceeds from the sale of oil from the National Bank of Saudi Arabia to the Bank of Aden and not sending the deposit is nothing more than a fraud.

On the other hand, the National Salvation Government succeeded in stabilizing exchange rates in the areas under its control at 529 riyals per dollar.

YPA