Under Houthi’s authority, merchants sell in Saudi riyals ... two prices for one commodity
English - Thursday 10 December 2020 الساعة 03:27 pm
Taiz, NewsYemen, Exclusive:
The impact of price inflation increases on citizens every day with the devaluation of the riyal and the continuing ban on the Iranian arm of dealing in the new currency, without any responsibility for the legitimate government, which left people to face their fate in front of the economic policy of the Houthi militia.
Merchants in the areas controlled by the Houthi militia invented two prices for each commodity: a fixed price in the local currency from the old edition, and another in the new edition, but it is variable in the size of the exchange rate difference between Sanaa and Aden.
Citizens complain about the additional burdens they bear when purchasing food commodities, fuel and luxuries with new banknotes, as merchants impose on them to pay the difference in the value of the riyal against the dollar between the areas controlled by the Houthi militia and the government.
The price of the dollar was 599 riyals in Sanaa, and 880 riyals in Aden, a difference of 281 riyals.
The phrase "old or new" is spoken by all sellers in the markets in Taiz Governorate, which is under the control of the Houthi militia, to consumers when asked about the price of the commodity, as traders sell their goods with new notes at a price different from the old banknotes.
In a survey by "NewsYemen" about prices in the market of Damnah Khadir in Taiz governorate, the price of twenty liters of oil at official fuel stations reached 7 thousand riyals in old banknotes, and 10 thousand riyals in the new edition, and the price of a bag of flour reached 12 thousand and 400 riyals in the old And 18 thousand and 900 riyals with the new, and the sugar bag 14 thousand and 200 riyals old, and 22 thousand new riyals.
The owner of a home furniture store told "NewsYemen" that when the customer comes to buy from the store in the new currency, he pricing the commodity in Saudi riyals, then converting it into riyals at the exchange rate in Aden, and in this way the prices are determined daily.
The Yemeni riyal is losing its importance as a medium of exchange while using the Saudi riyal and the dollar, as foreign currencies become the primary mode of exchange.
The Houthi militia continues, the economic war continues by prohibiting dealing in new banknotes, and introducing new measures designed to limit the ability of the legitimate government to implement an effective economic policy at the state level.
