The Yemeni riyal continues to collapse today, Sunday, recording the lowest level in its history
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The national currency continued its decline against foreign currencies, recording in Sunday’s trading its lowest value ever against the US dollar.
A banking source said that the exchange rate of one US dollar in transactions on Saturday evening reached 1968 riyals in the purchase transaction, and 1985 riyals in the sale transaction.
The source added that the price of the Saudi riyal reached 516 riyals in the purchase process, and 518.5 riyals in the sale process.
The continued decline of the national currency to its lowest level comes in light of a state of stagnation in the activity of the Central Bank of Yemen, following the retreat of the Presidential Leadership Council from implementing its decisions to address distortions in the money market, in exchange for UN and international promises to hold consultations on the economic file with the Houthis, which It was supposed to be held before last September.