In the context of the ongoing and escalating frightening collapse of the Yemeni riyal against foreign currencies in the occupied territories, the dollar exchange rate in the occupied territories reached a record high today.
According to banking sources in Aden, the dollar crossed the 2,700 barrier, recording 2,716 for sale and 2,682 for purchase in morning trading on Wednesday. The Saudi riyal was trading at 715 riyals.
Economic experts warned of the risks of the continued deterioration of the currency in the occupied territories against foreign currencies due to the policies of the occupiers and invaders and their agents, including traitors, agents, and mercenaries, as well as impoverishment and starvation.
They pointed to the negative repercussions of the economic crisis and the continued frightening decline of the national currency, with its widespread impact on the economy and society.
They emphasized that “the continued decline of the currency leads to rising inflation rates,” and that this rise poses a significant threat to citizens’ economic capacity, as it “erodes savings, wages, and salaries,” which directly leads to a decline in purchasing power.
They pointed out that this situation is not limited to individuals alone, but extends to local markets, which are weakened by shrinking demand and rising prices, contributing to increased poverty and unemployment rates.
They added, “The continued deterioration of the national currency could deepen economic crises and lead to increased social divisions.”
