Large Amounts of New Currency Arrive at Aden Port
Six containers laden with newly printed currency arrived on Friday in the southern Yemeni port city of Aden, Yemen Press Agency reported.
According to sources at the Central Bank of Aden, six containers loaded with new currency printed in Russia have arrived at the Aden container port, in the process of being transported to the bank.
The sources confirmed that the Hadi puppet government continues to flood the southern provinces with illegal currency, which is causing the collapse of the Yemeni riyal in the exchange market with foreign currencies.
Following the arrival of printed currency containers at the Bank of Aden, the sources predicted a new collapse in the local currency, after US dollar value already reached nearly 925 riyals per dollar, compared to 235 riyals per dollar for the Saudi riyal in the southern provinces.
This development comes after a number of containers loaded with the new currency arrived in mid-May at the port of Mukalla in Hadhramaut, amid banking and economic warnings of a serious currency collapse as the Hadi government continued to print the new currency without monetary cover.