AL-MUKALLA: The Yemeni riyal stabilized on Monday near its all-time low of 2050 against the dollar in government-controlled areas, as the Yemeni government launched a campaign targeting unlicensed exchange firms.

Local money traders and media said that the riyal was trading at 2050 against the dollar, maintaining the same record low, days after breaking the historic low of 2000 against the dollar. In early 2015, the Yemeni riyal was worth 215 per dollar.

This comes as the Yemeni government closed dozens of exchange firms in Aden, Yemen’s interim capital, Hadramout, Shabwa, and Mahra that lack or have expired licenses.

Local officials, escorted by armed policemen, were seen in the streets of Aden, Al-Mukalla in Hadramout, Attaq in Shabwa, and Al-Ghaydah in Mahra province, inspecting exchange firms and shops’ licenses and closing the doors of unlicensed firms to slow the devaluation of the Yemeni riyal.

The Yemeni government has long accused local money traders of engaging in currency speculation, which resulted in the Yemeni riyal’s rapid devaluation.

Another reason for the devaluation, according to the Yemeni government, is the Houthis’ attacks on oil terminals in Hadramout and Shabwa in late 2022, which resulted in a complete halt to oil exports.

Saleh Fadaeq, the head of the central bank branch in Shabwa, said on Monday that the campaign against unauthorized exchange firms would continue to stop the Yemeni riyal’s devaluation, end currency speculation, and combat money laundering, according to the official news agency SABA.

The Presidential Leadership Council and the Yemeni government have recently requested financial assistance from international donors to help stabilize the Yemeni riyal, pay employees, and fund critical projects.

Yemenis across the political and social spectrum have warned of a major humanitarian crisis in Yemen, as the rapid devaluation of the riyal has driven up the prices of food, fuel, and other essential commodities, pushing people deeper into poverty.

Ismael Al-Sharabi wrote on Facebook that the riyal’s depreciation is causing “a humanitarian crisis,” with the prices for basic food items reaching unprecedented highs. He urged the Yemeni government to quickly bring under control the riyal’s fall.

“A tomato now costs 1,000 riyals. This is a humanitarian disaster and a historical curse that has befallen these people, who are now fighting death to survive, swallowing all burdens, high prices, and extreme poverty,” Al-Sharabi said.

High prices caused by the riyal’s devaluation have sparked violent protests in Aden and Al-Mukalla, as well as other Yemeni cities under government control, over the last several years.

Mustafa Nasr, director of the Studies and Economic Media Center, said the government’s campaign against unlicensed exchange firms did not lead to the riyal’s recovery as it only targeted small firms and not the large exchange firms that control the market, calling for stricter government measures to prevent the riyal’s fall.

“The exchange sector has become disorganized, bloated, and has sufficient liquidity to influence the exchange market,” Nasr told Arab News.

In its most recent report on the Yemeni economy, released late last month, the World Bank depicted a bleak economy in 2025, saying that Yemen’s gross domestic product is expected to fall by 1 percent in 2024, compared to a 2 percent drop last year.

Sixty percent of Yemenis have insufficient access to food due to an unprecedented level of insecurity brought about by the war, and the Houthis’ attacks on oil terminals slashed 42 percent of the government’s revenues, making it difficult for it to provide public services and devaluing the Yemeni riyal, according to the World Bank.

NEW HALFA: Salwa Abdallah was recuperating from a caesarean section and tending to her one-month old baby when soldiers from the Rapid Support Forces barged into her home in Sudan’s eastern El Gezira state late last month.
They accused her of loyalty to the army and its allies, their rivals in an 18-month war. “They said ‘You killed us, so today we’ll kill you and rape your girls,’” she told Reuters, sheltering under a makeshift sheet in the town of New Halfa, where she arrived after walking for days on foot with her elderly mother and children.
She said the soldiers chased them out of their village with whips and later shot at them on motorcycles, which two other victims of the attack also mentioned.
Reuters spoke to 13 victims of a series of intense, violent raids in eastern Gezira over the past two weeks, which affected at least 65 villages and towns according to activists.
The UN says some 135,000 people have been displaced, largely to Kassala, Gedaref, and River Nile states, which are already packed with many of the more than 11 million internally displaced by the devastating war that broke out in April 2023.
“I am shocked and deeply appalled that human rights violations of the kind witnessed in Darfur last year ... are being repeated in El Gezira State. These are atrocious crimes,” said the UN’s top official in Sudan, Clementine Nkweta-Salami, referring to attacks last year that prompted accusations of ethnic cleansing and crimes against humanity from the United States and others.
The war has unleashed hunger across the country, erased most signs of a functioning state in RSF-held areas, and prompted fears of fragmentation.
Both sides are accused of hindering much needed international assistance.
Spokespersons from the RSF and Sudanese army did not immediately respond to Reuters’ requests for comment.

REVENGE ATTACKS
Though El Gezira state has been subject to a violent looting campaign since the RSF took control in December, the defection of its chief in the state unleashed a series of revenge attacks.
The Wad Madani Resistance Committee, a pro-democracy group, named 169 people killed since the violence began on Oct. 20, though in a statement it said there were hundreds more.
The UN’s human rights office said last week that there were at least 25 cases of sexual violence, including an 11 year-old girl who died as a result. The office also said that the RSF had confiscated Internet devices in at least 30 villages, and cited reports they had burnt fields of crops.
The worst incident was in Al-Sireha, where the committee said 124 people were killed on Oct. 25.
Video verified by Reuters showed RSF soldiers lining up men, many of them elderly, and some in blood-splattered clothes, taunting them and forcing them to bleat.
Another video verified by Reuters showed dozens of bodies wrapped up in sheets for burial.
The RSF has denied ordering both attacks, and said the attacks in Gezira were the result of the army arming local communities.
The army has responded by emphasising popular resistance campaigns, though there has been little evidence of widescale arming of civilians in Gezira.
The Sudanese Human Rights Monitor warned the army against “leaving civilians ... exposed to direct and disproportionate confrontations with the RSF,” which it criticized for not fulfilling promises to protect civilians.
Hashim Bashir, a man disabled after his leg was amputated prior to the war, said RSF soldiers threw him out of his home in Al-Nayb village.
“They are very vicious... If you survive their gunshots, they hit you in your head. If you survive that, they beat you with a whip,” he said, showing scars on his functioning leg.
His niece, Faiza Mohammed, said the RSF soldiers allowed them to take nothing with them, even identifying documents.
“I hid under the bed, but they got me, beat me, and pulled my earring straight off my ear,” she said.