Marib witnesses economic deterioration due to policy of Hadi’s gov’t

MARIB, Sep. 22 (YPA) – The Yemen province of Marib has been witnessing, for days, a major economic deterioration due to the collapse of the national currency, as a result of the policy of “Hadi’s government” loyal to Saudi-led coalition.

The price of the Yemeni riyal has collapsed dramatically in the province, where the exchange rate of a Saudi riyal exceeds 236 Yemeni riyals, while the Yemeni riyal is exchanged from the old currency with two riyals from the new currency printed illegally by Hadi’s government in Russia, informed sources reported on Tuesday.

The sources pointed out that the authorities of Hadi’s government in Marib have taken many measures in an attempt to stop the deterioration of the national currency and the economy, which is suffering from a major collapse.

Likewise, the Central Bank of Aden took several measures last Saturday to limit the deterioration of the currency’s price in the occupied southern provinces.

YPA