Yemeni riyal keeps declining against foreign currencies in southern provinces

SANAA, Jul. 28 (YPA) – The Yemeni riyal exchange rate on Wednesday kept its decline against foreign currencies in the southern provinces at 993 riyals per dollar in Aden and Hadramout provinces.

Economists attributed the reason for the deterioration of the riyal value in Aden to the Hadi government’s printing more than five trillion riyals without insurance, in light of the absence of the central bank’s role in Aden.

Meanwhile, the Yemeni riyal exchange rate in the capital, Sanaa, remained stable at about 598 riyals to the dollar. As for the average dollar exchange rate on the black market, it reached 605 riyals.

YPA