Yemeni Riyal declines against foreign currencies

On Dec 6, 2019 4:43 PM

SANAA, Dec. 6 (YPA) – The exchange rate of the Yemeni riyal on Friday has continued to decline against foreign currencies over this month.

Banking sources said that a dollar now worth 593 riyals on official markets due to the arbitrary decisions taken by officials of Aden central bank and the ongoing conflict between militias loyal to Saudi-UAE coalition in the occupied southern provinces of Yemen.

The cessation of oil exports and targeting economic facilities by Saudi-led aggression, are among the factors contributing to the collapse of the rial, which caused increasing food and fuel prices and suffering of the Yemenis, the sources added.