The Yemeni currency recorded a historic collapse today, Sunday, as one US dollar exceeded the thousand riyals barrier, amid fears of a broad economic collapse if there were no quick treatments.
Bankers in the Yemeni capital confirmed Interim Aden told Al-Arabiya.net that the exchange of one dollar exceeded the barrier of one thousand riyals, and 265 against the Saudi riyal, in transactions today, Sunday, in a historic collapse of the national currency.
They explained that the exchange rate in Aden and other regions The control of the legitimate government, it amounted to 1007 riyals per dollar for sale and 996 riyals for purchase, and the Saudi riyal 265 for sale and 262 for purchase.
This significant decline comes amid a deep division in the already deteriorating financial and monetary institutions, and despite the temporary restrictions imposed on the The foreign currency exchange sector in the city of Aden.
The Yemeni markets were greatly affected by the banking division in the country, which caused a significant decrease in the value of the Yemeni riyal with a price difference between the Houthi-controlled areas and the legitimate government areas.
The Houthi militia’s ban on the circulation and possession of the new printed currency by the legitimate government has also caused an issue Its control has severely damaged the national economy and the legal currency.
The legitimate government stated that the militias’ decision to prevent the circulation of the new currency falls within the destructive policies it has pursued since its coup to hit the national economy, corruption and currency speculation and undermine the government’s efforts and monetary policies.
