Yemeni riyal hits new low against foreign currencies in southern provinces

SANAA, Feb. 28 (YPA) – Foreign exchange rates on Monday continued their rapid rise against the collapsing Yemeni riyal in the local exchange market trading in Aden province and the rest of the southern provinces, controlled by Saudi-led coalition.

In Aden and Hadramout provinces, the exchange of one US dollar reached 1,218 riyals, while the Saudi riyal records 320 riyals.

In the capital Sanaa, the Yemeni riyal exchange rate remained stable at 602 riyals per dollar, while the dollar exchange rate on the black market reached 605 riyals.

YPA