News - Yemen: Foreign exchange trading prices have reached new highs against the local currency in Aden.

The exchange rate of the US dollar in Aden reached 1,520 Yemeni riyals, and Saudi 400 riyals.

Economists point to several factors contributing to the ongoing devaluation of the local currency, including deepening corruption within the pro-aggression government and concerns about the dwindling foreign exchange reserves at the Central Bank in Aden.

This deteriorating situation is already having a visible impact on the prices of essential goods, particularly food and medicines, which have surged by nearly 10% over the past two days.

The Saudi-backed government is implementing economic measures that directly affect the quality of life for Yemeni citizens, particularly in the southern regions. These measures exacerbate the already dire suffering caused by the US-Saudi blockade and aggression.

Aden and the southern governorates are grappling with security chaos, daily crimes, and instability, with the forces of the US-Saudi aggression and Saudi-Emirati occupation in control. These issues include abductions, bombings, and clashes among factions vying for influence, as well as a concerning rise in assassinations targeting military personnel, security leaders, religious figures, and social leaders in southern Yemen.

#Yemen #Aggression #Aden #Occupied Southern Governorates #Currency Collapse About 1 year