An economic expert said that speculation in the local currency and the cessation of oil exports due to the Houthi terrorist militia attacks contributed to the collapse of the value of the Yemeni riyal.

The head of the Economic Media Center, Mustafa Nasr, indicated in a press statement that the high bill for importing goods from abroad is another reason for the collapse of the currency, as it led to an increase in demand for the dollar in local markets by more than what is available.

The head of the Economic Media Center believes that some of the reasons for the deterioration of the currency are artificial, as speculators are pushing for more pressure on the Yemeni riyal to achieve gains from this issue