Southern Yemeni separatists condemn Saudi-backed puppet government for collapse of currency value

Southern Yemeni separatists condemn Saudi-backed puppet government for collapse of currency value

The Southern Transitional Council (STC), funded by the UAE has on Monday warned of the dangers of the new collapse of the Yemeni riyal in the southern provinces, blaming the Riyadh-allied Presidential Council for the deteriorating economic conditions.

The STC said in a statement that “the repercussions of the currency collapse would be dire”, in a clear indication of the escalation of popular turmoil.

Observers saw that the STC’s warnings reflected its attempts to distance itself from inevitable popular escalation against the Presidential Council, even though the STC is a member of this office.

The exchange rate of the Yemeni riyal in the city of Aden has declined significantly during the past hours, where one dollar exceeded the value of 1,045 riyals.

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