The Yemeni Rial has fallen against the US dollar amid big challenges facing the national economy due to the months-long armed conflict.
Studies centers said the fall of the Rial comes as a result of the increasing demand for the US dollar following a recent decision by the Houthi group to deregulate the prices of fuels.
The dollar has recently increased versus the Yemeni Rial by 10%, from around YR215 months ago to around YR240 and higher than this in the black market.
In a recent statement, the studies and economic media center warned of the continuous fall of the Rial and urged interventions by the Central Bank that should include prevention of currency manipulation and fighting the black market.
The decision to deregulate the fuel prices added to the challenges facing the economy, which has been badly affected since the Houthi takeover, the center said.
Hence, any further deterioration of the national currency will result in a complete collapse of the economy, it said.
Moreover, the center said that deregulating the fuel prices on the international exchange markets can't be brought into effect after the Arab coalition has ordered all ships and flights to be diverted into the city of Aden alone.
All sectors have been affected by the civil war and the blockade on all Yemeni sea, land and air routes. The blockade was part of the Saudi-military intervention launched against the Houthi militants in late March.
It has affected all imports and exports forcing all oil and gas projects to shut down.
The conflict also led to a suspension of all foreign investments and donor aid.