In Aden and other southern and eastern Yemeni provinces, the local currency is witnessing a sharp decline against foreign currencies, with the dollar reaching 1859 riyals and the Saudi riyal exceeding 485 riyals.
Experts warn of an impending economic catastrophe in Aden due to the government’s failure to address the currency crisis effectively.
The Central Bank of Yemen in Sanaa has set new exchange rates for major currencies, including 140 Yemeni riyals for one Saudi riyal, 530.50 Yemeni riyals for one US dollar, and 3.79 Saudi riyals for one US dollar.
These developments highlight the pressing need for economic reforms and solutions to stabilize the currency and prevent further economic turmoil.
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