Yemeni currency plummets to new low against USD

ADEN, Yemen, July 9 (Xinhua) -- The Yemeni riyal plummeted on Sunday to a new low against the U.S. dollar, raising concerns about an impending economic crisis.

Money traders in the southern port city of Aden and other government-controlled areas confirmed to Xinhua that the Yemeni riyal declined sharply to 1,430 against the greenback, marking the lowest exchange rate since the beginning of this year.