Yemeni riyal continues to decline sharply in southern, eastern provinces

SANAA, June 24 (YPA) – The Yemeni riyal exchange rate continued on Wednesday to fall sharply against foreign currencies in the southern provinces controlled by the Saudi-led coalition.

The US dollar price reached 1,375 riyals in Aden and Hadramout provinces, while the Saudi riyal reached 362 riyals, as a result of the pro- coalition government’s failure to manage the economic file.

This comes days after the Central Bank of Aden announced the suspension of the weekly auction process for selling dollar reserves, which was supposed to take place last Tuesday, until after the Eid al-Adha holiday that may last 17 days.

In Sanaa, the US dollar exchange rate remained stable at 530 riyals, and the Saudi riyal remained flat at 141 riyals.

YPA