According to Saudi Arabian media, linked to the house of al Saud, the Yemeni riyal falls to 1,320 to dollar – an all-time low.

The situation in the Southern and Eastern governerates is dire, and it is worsening by day.

Recently, Reliefweb published the following: “The cost of the Minimum Food Basket (MFB) in March 2023 reached an average of YER. 115,327 in IRG areas and YER. 54,956 in SBA areas equivalent to about USD110 and 105 USD respectively.”

The main reason for the devaluation of the currency in the South is attributable to the excessive printing of money without an increase in wages.

“It should be noted that the exchange rate in Sana’a is still maintaining its stability, as one dollar in Sana’a is equal to 533 Yemeni Riyals.”

The Sana’a-based authorities have prohibited printing of money in areas under their control – in a move to stabilise the currency.

However, this rate is still far from the pre-war value of the Yemeni currency. Hence, there is no reason for complacency.

#EndYemenSiege