Yemeni riyal significant decline in southern provinces heralds economic disaster

SANAA, Jul. 29 (YPA) – The Yemeni riyal exchange rates have entered the danger stage due to the significant decline against foreign currencies in the southern provinces, as a result of the “Hadi government” decision to raise the price of the customs dollar.

According to local news websites, The price of one dollar to 1020 riyals, in the province of Aden and Hadramout, while local residents confirmed that the price of one dollar has exceeded the barrier of 1030 riyals in Aden.

The money changers in Aden province, during their meeting with Aidarous Al-Zubaidi, president of the so-called “Southern Transitional Council”, attributed the reason for the collapse of the national currency due to political reasons.

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

YPA