Value of Yemeni riyal collapses even more in Saudi-occupied areas as more counterfeit currency appears

Value of Yemeni riyal collapses even more in Saudi-occupied areas as more counterfeit currency appears

A ship loaded with containers full of illegally printed Yemeni banknotes that were made without proper financial backing, has arrived on Tuesday at the port of Mukalla, sure to present a new blow to the value of the Yemeni riyal in the occupied governorates.

Media sources reported that the Clementina AF arrived at the port of Mukalla with 14 containers full of illegal currency on board, coinciding with the accelerated collapse of the currency and the rise in prices in the occupied regions of Yemen.

This step comes as a new blow to the citizens in the occupied governorates, alongside the continuous deterioration of services and the accelerated collapse of the living situation as a result of the continuation of destructive economic policies by the pro-aggression puppet government.

With the arrival of these large quantities of printed currencies without a cover, specialists confirm that the dollar in the occupied governorates will continue to rise in value, along with the rest of the foreign currencies, which will double the suffering of the citizens there as their own currency loses value in comparison and their purchasing power plummets as a result.

The coalition of aggression has been using the process of printing and counterfeiting local currency as a major weapon in the economic war it is waging against the Yemeni people. The aggression prompted the pro-aggression government to print and counterfeit more than 5.32 trillion riyals without cash cover, causing massive inflation.

The liberated parts of Yemen, however, have been able to limit the effects of this action by firmly preventing the circulation of counterfeit banknotes in the areas under the control of the National Salvation Government.

Meanwhile, exchange companies in the occupied governorates have stopped dealing in the local currency entirely, and deal only in dollars and Saudi riyals, while many exchange companies even went as far as to close their doors after the exchange rate exceeded 1000 riyals per dollar.