Yemeni Riyal airs in front of currency and exchange shops closes in Aden

Yemeni Riyal airs in front of currency and exchange shops closes in Aden

The Yemeni riyal is again at record levels in front of foreign exchange, and the dollar price reached 660 riyals Tuesday, while the Saudi riyal price reached 175 riyals, while the exchange shops in Aden were completely closed in protest against the collapse.

"The situation is catastrophic in terms of the real value of the riyal, and the riyal is expected to collapse to more levels in the next two days," said cashiers in Aden, the country's interim capital, for Al-Masdar online.

The price of the dollar two days ago was 640, the riyal would fall back 20 riyals against the dollar in a matter of days and hours only.

This comes at a time when the government and the central bank of Yemen failed to deal with the crisis and stop the collapse of the currency, despite the measures and workshops held to address the collapse of the economic situation, according to the cashiers.

On the one hand, the exchange shops were completely closed in Aden in an attempt by the cashiers to stop the collapse of the currency, according to a statement issued by the cashier's syndicate.

The statement called on Aden exchangers to stop all sales and purchases on Tuesday, while the total closure of all Exchange shops starts from Wednesday to next Saturday, due to the rapid collapse and low purchasing value of the riyal.

"From the standpoint of our responsibility to our people throughout Yemen without exception and to be the first to stand by the citizen, we suggest that the sale and purchase, and the total closure of all Exchange shops, be stopped," he said.

He called for "to define an open meeting with the competent authorities so that the cashiers will evacuate their responsibility before God and then the people that they are not the reason for the price rises, but on the contrary we work in various ways to stop the collapse of the value of the Yemeni riyal."


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