Yemen – Significant prices spike after the depreciation of the Yemeni riyal against foreign currencies

Government sector workers in Yemen are having difficulties meeting necessities amid the rise in food prices, due to the significant collapse of the local currency rate against foreign currencies, as the exchange rate of one dollar exceeded the barrier of one thousand Yemeni riyals. Economic analyst, Abdul Rahman Haidara, believes that the high cost of living and the deterioration of economic conditions, as a result of the fact that the salaries of employees in the government sector remain fixed in the local currency, which has lost its value against foreign currencies.