Yemeni riyal hits new low against foreign currencies

SANAA, July 29 (YPA) – The Yemeni riyal returned to decline against foreign currencies in banking transactions on Saturday in the southern and eastern areas controlled by the Saudi-led coalition.

The US dollar exchange rate in Aden and other areas under coalition control reached 1,440 Yemeni riyals, while the exchange rate of the Saudi riyal reached 380 riyals.

Citizens in the provinces under the control of the coalition forces complain about the failure of the pro-coalition government to take any measures aimed at limiting the collapse of the currency and improving the economic situation in the country and their inability to find the basic requirements of food and medicine commodities.

In the capital, Sanaa, the riyal exchange rate remained stable at 531 riyals per US dollar and 141 riyals per Saudi riyal due to a series of steps implemented by the Sanaa government.

YPA