The level of the local currency has declined and reached low price levels against foreign currencies during the past days in light of the Central Bank and the government’s reservations about finding solutions to the ongoing collapse over the years.

The collapse of the currency made the situation more complicated, and the value of the local currency’s exchange rate exceeded the barrier of 1,560 riyals against one dollar, while it exceeded the barrier of 410 riyals against the Saudi riyal, in a decline that is the first of its kind since the beginning of this year, amid the complete absence of relevant government agencies in Treatment of bleeding.

Experts warned of the continuation of the collapse because of its direct effects on the lives of citizens who are suffering as a result of the repercussions of the war, the deterioration of economic conditions, the cessation of salaries and the loss of their value due to rising prices and the absence of services in the country, and the continuation of money laundering operations and the emptying of foreign currencies from the local market through suspicious transfers to... Abroad, in the absence of state regulatory agencies and with clear complicity among them, calls on the Presidential Leadership Council and the Arab Coalition to take urgent and serious action to address the situation before it reaches an extent that cannot be addressed.