This was accompanied by a mad rise in commodity prices. Yemeni riyal collapses and approaches 600 per dollar

This was accompanied by a mad rise in commodity prices. Yemeni riyal collapses and approaches 600 per dollar

Bankers in the southern city of Aden said Wednesday that the dollar price reached 580 riyals after Stabling in the past two weeks at 550 riyals.

They mentioned in identical statements to Almasdar online, that the price of the Saudi Riyal amounted to 155 riyals, the lowest point of collapse of the Yemeni riyal.

This comes just two days after the announcement of the formation of the Economic Commission headed by Hafez Me’iad.

The collapse of the local currency was accompanied by a mad rise in commodity prices, with prices rising to 300 percent, and the price of the hen's price rise to 2,000 riyals high at 1100 riyals.

Saudi Arabia has repeatedly announced the intervention to save the local currency, but that has not been done until now.


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