Continuous deterioration of local currency in Aden doubles suffering of citizens

ADEN, Dec. 06 (YPA) – The continuous deterioration of local currency, Yemeni riyal, against the US dollar and Saudi riyal has negatively impacted the living conditions of citizens in Aden province and other southern and eastern provinces under the control of the Saudi-led coalition.

This coincides with the recent increase in fuel sales by the pro-coalition government.

The bank trading recorded a new collapse of the Yemeni riyal against the US dollar, with the selling price reaching 1,546 riyals, while the Saudi riyal witnessed a slight increase, reaching 406 Yemeni riyals.

The dollar exchange rate rose as a result of the economic collapse, the lack of revenues, and the plundering of the revenues of various institutions in Aden and the rest of the regions by pro-coalition government officials.

The economic collapse that struck Aden and the rest of the southern provinces came after the government printed approximately 5.5 trillion Yemeni riyals without cash cover.

The coalition countries plunged the people of Aden and the rest of the areas under the control of their factions into a real famine, causing them to scramble to buy goods that were close to their expiration dates due to their low cost.

YPA