US dollar approaches barrier of 2,000 Yemeni riyals in Aden

SANAA, July 08 (YPA) – The price of the US dollar is approaching the barrier of 2,000 Yemeni riyals in the city of Aden and southern and eastern provinces, which are under Saudi-led coalition control.

According to banking sources, the selling price of the US dollar on Monday reached 1,897 riyals in Aden, and the Saudi riyal recorded 500 riyals.

Food prices have risen insanely during the past hours in the city of Aden due to the catastrophic collapse of the price of the local currency against foreign currencies.

Meanwhile, the Central Bank in Sanaa circulated today the upper limit for the selling prices of major currencies approved by the Foreign Exchange Unit. The approved price of the Saudi riyal against the Yemeni riyal was 140 Yemeni riyals, while the approved price of the US dollar against the Yemeni riyal was 530.50 Yemeni riyals, without any significant increase.

YPA