For the third day.. Angry protests in Aden to demand halt of local currency collapse

For the third day.. Angry protests in Aden to demand halt of local currency collapse

The furious protests in the southern city of Aden, the interim capital, continue for the third consecutive day to demand a halt to the collapse of the local currency, which has reached record highs with prices of basic commodities.

Eyewitnesses told Almasdar online that the protesters blocked a number of main streets in the city after they put the stones in front of cars and vehicles, and burnt tires.

They added that the protesters had raised slogans demanding that the Yemeni government and the Central Bank of Yemen intervene and reduce the exchange rate after the $1 price reached 640 riyals and the riyal loses 14% of its value in one week.

The collapse of the currency caused a steep rise in commodity prices, signaling an expansion of poverty in Yemen, which has been undergoing a war since the beginning of 2015 that has caused a breakdown of the humanitarian situation.


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