Amidst government deficit, the Yemeni riyal continues to collapse against foreign currencies in legitimate areas

The Yemeni riyal continued its collapse against foreign currencies today, recording 2032 riyals to the dollar in unofficial evening trading, without any actual government action to address or stop the collapse.

A banking source told Yemen Youth Net that the price of the Yemeni riyal reached 2018 for one dollar on Tuesday evening for purchase, and 2032 for sale.

The source explained that the price of the Saudi riyal recorded 529 riyals for purchase and 532 riyals for sale this evening, in an unprecedented historical collapse.

The Yemeni riyal continues to collapse against foreign currencies in the governorates under the control of the legitimate government, amid rising prices of food and consumer goods, without any real action by the Presidential Council and the government to stop this collapse.

Yesterday, Monday, the government approved several urgent measures to stop the rapid collapse of the national currency against foreign currencies, and to contain its repercussions affecting the lives and livelihoods of citizens, without any tangible impact so far.