Yemeni riyal struggles against foreign currencies

Last updated Oct 15, 2019 8:52 PM

SANAA, Oct. 15 (YPA) – The Yemeni riyal has continued to slide against foreign currencies over this month, according to banking sources on Tuesday.

The sources said that a dollar now worth 609 riyals on official markets due to the war and economic siege imposed by Saudi-led coalition on Yemen since 2015.

The sources said the arbitrary action taken by former Bank Governor of Aden Hafiz Miyad to stop dealing with the banks in Sanaa has aggravated the economic situation.