Yemeni riyal drops significantly against foreign currencies in southern provinces

SANAA, Jun. 27 (YPA) – The Yemeni riyal exchange rate on Sunday recorded a new decline against foreign currencies in all southern provinces, reaching 947 riyals per one dollar in Aden.

This came after the “Hadi government” loyal to Saudi-led coalition dumped the local markets in the southern provinces with more money that was printed illegally.

For the first time, the transfer commission between exchange companies from Aden to Sanaa rose to 58% of the net amount transferred.

Meanwhile, the Yemeni riyal exchange rate in the capital, Sanaa, remained stable at 600 riyals to the dollar. As for the average dollar exchange rate on the black market, it reached 605 riyals.

YPA