Yemeni riyal hits new low against foreign currencies in southern provinces

SANAA, Jul. 03 (YPA) – The Yemeni riyal exchange rate on Saturday hit a new decline against foreign currencies in all southern provinces, reaching 955 riyals per one dollar in Aden and Hadramout provinces.

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

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