YEMEN Press Agency

Yemeni riyal continues to drop against foreign currencies in southern provinces

SANAA, Feb. 02 (YPA) – The Yemeni riyal exchange rate on Thursday continued to decline against foreign currencies in the southern provinces under the control of the Saudi-led coalition as a result of the Central Bank of Aden announcing auction bids.

The dollar exchange rate reached 1,253 riyals, and the exchange rate of Saudi riyal reached between 333 riyals.

On Tuesday, the Central Bank of Aden announced bids for auction No. (5-2023) amounted to $7,497,000 dollars, with a coverage rate of 25%.

According to the bank under the control of the coalition forces, the highest exchange rate reached 1,254 riyals to the dollar, while the lowest exchange rate reached 1,246 riyals to the dollar.

The Central Bank of Aden announced, last Monday, negative repercussions facing the local currency in the areas controlled by the coalition forces in southern Yemen, referring to a new expected collapse of the local currency in those areas.

Meanwhile, the areas under the control of the National Salvation Government witnessed a slight increase in foreign exchange rates, reaching 552 riyals per dollar, and the purchase price of the Saudi riyal reached 145 riyals.