During the ten-year war in Yemen, hundreds of thousands of Yemeni women were forced to sell their jewelry and gold in order to cope with the difficult living conditions, especially in light of the interruption of employees’ salaries, the lack of job opportunities, the low purchasing power of the Yemeni riyal, and the insane rise in the prices of basic commodities.

Informed media sources revealed that a Saudi grant of one billion dollars will be announced next week to strengthen the Central Bank in Aden and support the national currency, which is witnessing an unprecedented historical collapse.

The Food and Agriculture Organization of the United Nations (FAO) confirmed that the local currency in areas under the control of the Yemeni government lost 25% of its value during the past month.

Mustafa Nasr, head of the Center for Economic Studies and Media, said that the return of the Presidential Leadership Council Chairman Rashad Al-Alimi yesterday to the interim capital, Aden, accompanied by the economic team, is a message through which he wants to say that the economic file is among the council’s priorities, in addition to a message of reassurance to the people that they are there to take what is necessary regarding the rapid collapse in exchange rates.

The local currency recorded a new decline against its foreign counterparts, reaching its lowest levels during financial transactions today, Saturday, in an indicator that foretells further economic deterioration in the country.

Since the beginning of the year 2024, the exchange rate of the Yemeni riyal has been continuously deteriorating, and although the reasons for this deterioration are cumulative, diagnosing the problem of the accelerating collapse in the exchange rate of the Yemeni riyal recently requires focusing on the current factors that contribute to this deterioration.