News - Yemen: Various media outlets affiliated with the US-Saudi aggression mercenaries have reported grave concerns within the banking sector in the occupied city of Aden, warning of an unprecedented deterioration in the local currency.

Banking sources cited by these outlets anticipate a further surge in foreign exchange rates vis-a-vis the local currency in Aden and other occupied provinces and regions. It is projected that the value of the US dollar may surpass 1700 Yemeni riyals after reaching 1681 on Sunday, while the Saudi riyal has already soared to 442.5 riyals.

Some currency exchange businesses have already initiated transactions involving the US dollar at a rate of 1700 riyals, attributing this to the ongoing fluctuations and continuous appreciation of foreign currencies against the local currency in the occupied territories. Concurrently, these establishments have commenced selling the Saudi riyal at a rate of 480 riyals.

Yemeni provinces under Saudi-Emirati occupation grapple with severe economic turmoil due to the manipulation of the economy by the Saudi-backed government and the exploitation of the nation's resources by the Emirati-Saudi occupation forces. The proliferation of counterfeit currency has led to rampant inflation and skyrocketing prices.

In contrast, amidst the currency's freefall in the occupied regions, Sana'a and provinces governed by the Supreme Political Council maintain currency stability. The banking sector remains resilient, with the US dollar holding steady below the 530 riyals mark. This stability, coupled with Sana'a's economic resilience, underscores the careful deliberation behind introducing the 100 riyal coin, regulated by the central bank to safeguard the currency's integrity.

#Yemen #Aden #US-Saudi Aggression #Occupied Southern Governorates #Economic War About 8 months