Yemeni riyal drops significantly against foreign currencies

SANAA, Sept. 26 (YPA) – The Yemeni riyal continued to record a significant drop against the foreign exchange rates in the local financial markets, stopping at 613 riyals per dollar on Thursday.

Banking sources attributed the riyal’s decline to the differences between the leaders of Aden central bank and the ongoing conflict between the militias loyal to Saudi Arabia and the UAE in the occupied province of Aden.

YPA