Yemeni Prime Minister Ahmed Awad bin Mubarak has emphasized the need for intensified efforts to crack down on illegal currency exchange operators and speculators across all liberated provinces, as the national currency continues to plummet in value.

According to the official Yemeni News Agency Saba, bin Mubarak monitored the outcomes of recent enforcement campaigns in Aden, the country’s temporary capital. These operations, conducted by the Public Prosecution’s financial investigations unit, resulted in the closure of several non-compliant exchange businesses and the apprehension of currency speculators.

The Prime Minister commended the judiciary's role in supporting government and central bank efforts to combat ongoing currency manipulation. He consulted with Justice Minister Badr Al-Aradah and Minister of State Ahmed Lamlas on the implementation of directives aimed at stabilizing exchange rates and deterring speculators.

Bin Mubarak underscored the urgency of addressing economic crimes, particularly those involving currency manipulation, and directed authorities to monitor and control the prices of goods and food supplies.

The local currency is experiencing a severe downturn, with the Yemeni rial recently hitting record lows against foreign currencies. As of today, the exchange rate reached 2,060 rials to the US dollar, a significant drop from 1,676 rials just six months ago. The Saudi riyal also saw a decline, now trading at 536 rials after previously standing at 441 rials.