Yemeni riyal decline against foreign currencies continues in southern provinces

SANAA, Jul. 31 (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 reached 1020 riyals in the provinces of Aden and Hadramout on Saturday, while local residents confirmed that the price of one dollar has exceeded the barrier of 1030 riyals in Aden.

This rise called the “Southern Transitional Council” to hold an emergency meeting with money changers in Aden province to discuss limiting the collapse of the national currency.

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

YPA