News - Yemen: The Yemeni riyal continued its collapse against foreign currencies in the governorates under the control of the US-Saudi aggression and occupation, reaching over 1400 riyals per dollar, in conjunction with new increases in the prices of various types of commodities and foodstuffs in those governorates.

Banking sources in Aden indicated that foreign exchange rates witnessed an increase for the fifth day in a row, as the exchange rate of the US dollar rose to 1414 Yemeni riyals, and the Saudi riyal to 373 Yemeni riyals.

Economists attributed the continued collapse of the local currency to several factors, including the deepening of corruption in the pro-aggression government, in addition to the impact of the news circulating about the near depletion of foreign exchange reserves at the Central Bank in Aden.

In the context, citizens in Aden confirmed that exchange companies and shops refuse to hand over their remittances sent from outside Yemen in foreign currency, forcing them to receive them in the local currency, in anticipation of a further collapse of the local currency.

This comes at a time when observers are increasingly warning of the repercussions of this collapse, which has already been reflected in the prices of various commodities, foremost of which are the prices of foodstuffs and medicines, whose prices have increased during the past two days by nearly 10%.

The Saudi-backed government continues to take economic measures that directly affect the service and living conditions of the Yemeni People, especially in the southern regions, and exacerbate their disastrous suffering as a result of the US-Saudi siege and aggression.

Aden and southern governorates are witnessing security chaos, and almost daily crimes, under the control of the forces of US-Saudi aggression and Saudi-Emirati occupation. They witness an increase in assassinations involving military security leaders, religious and social tendencies, kidnapping, bombings and clashes between militants fighting for influence among them.