Almasirah:Currency Continues to Collapse in Saudi-UAE-occupied Areas

Currency Continues to Collapse in Saudi-UAE-occupied Areas

News - Yemen: The Yemeni riyal fell again against other currencies in the local exchange rate trading in the occupied governorates, after days of sudden improvement, as the exchange rate rose by 1194 riyals to the dollar and 315 riyals to the Saudi riyal in Aden and Hadhramout.

Observers of the economic situation in Yemen have seen 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.

On March 17, the United Nations announced that it had received financial pledges from 36 donors worth $1.3 billion for its humanitarian plan in Yemen. It was seeking to get $4.27 billion, 17.3 million Yemenis.

At the end of 2021, the war has killed 377,000 people and lost Yemen’s economy nearly $126 billion, according to the United Nations. Most of the country’s population, numbering about 30 million, has become dependent on aid, in one of the worst humanitarian crises in the world.

Saudi Arabia, backed by the United States and regional allies, launched the war on Yemen in March 2015, with the claim 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 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.

#US_Saudi_Aggression #Economic_Crisis About 1 year