Yemeni Riyal Collapses Again Against Foreign Currencies in Saudi Occupied Governorates

The Yemeni riyal fell again against foreign currencies in the local exchange rate trades in the occupied southern governorates, after the exchange rate reached 1160 per dollar and 305 riyals to the Saudi riyal in the occupied governorates.

This portends an economic catastrophe that doubles the suffering of the Yemeni in light of the continuous rise in food and basic materials, especially during Ramadan. Experts in economic affairs in Yemen confirmed that the financial policy of the Salvation Government in Sana’a has proven its success in maintaining the stability of the local exchange rate of the Yemeni riyal against foreign currencies, especially the dollar and the Saudi riyal.

The Yemeni riyal stabilized at 597 riyals per dollar, while the average dollar exchange rate on the black market in the capital, Sana’a, reached 605 riyals.

Saudi Arabia, backed by the United States and regional allies, launched the war on Yemen in March 2015, claiming the goal of bringing the government of former Yemeni president Abd Rabbuh Mansour Hadi back to power.

The US-Saudi aggression continues to target neighborhoods and populated areas and destroy the infrastructure and capabilities of the country, in light of a suspicious international silence.

The war has left hundreds of thousands of Yemenis dead and displaced millions more. It has also destroyed Yemen’s infrastructure and spread famine and infectious diseases there.