Yemen’s Riyal Hovers around 1000 against USD ...Yemen

Republican Yemen Yemen’s currency has hit a record low in areas under the control of Yemen’s internationally recognized government as the Aden-based Central Bank of Yemen fails to bring the exchange system under its control. The Yemeni riyal hovered around 1000 against the US dollar on Sunday amid skyrocketing prices of food, goods, and basic services. The currency’s freefall takes the impoverished nation to the brink of famine as the Yemeni government seems to have lost control over maintaining a fixed exchange rate. This comes amid heavy fighting between government forces and Houthis in the provinces of Al-Bayda, Marib, and Al-Jawf as well as escalations in south Yemen by southern separati

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