YEMEN Press Agency

Yemeni riyal suddenly falls against foreign currencies

SANAA, Feb. 23 (YPA) – The Yemeni riyal on Saturday fell unexpectedly against foreign currencies, after two days of significant improvement in the local exchange markets.

Banking sources told Yemen Press Agency that the absence of regulatory authorities is a key factor in the sudden decline of the currency from time to time.

According to the sources, the dollar’s exchange rate in the capital Sanaa reached 590 Yemeni riyals after falling to 540 riyals last week, and in Aden province reached 595 riyals. While the exchange rate of the dollar in the Central Bank in the capital Sanaa is still 250 riyals and 400 riyals in the central bank of Aden.