Yemeni riyal returns to fall against foreign currencies in southern provinces

SANAA, Aug. 13 (YPA) – The local currency, the Yemeni riyal, returned on Tuesday to decline against foreign currencies in the city of Aden and the southern and eastern provinces of Yemen, in contrast to the situation in Sanaa, where exchange rates witness relative stability.

Banking sources in southern Yemen reported that the exchange rate of the dollar in Aden reached 1,921 riyals during the past hours, while the Saudi riyal exceeded the barrier of 500 Yemeni riyals.

In Sanaa, the Central Bank of Yemen published earlier today a new circular, limiting the selling prices of major currencies approved by the Foreign Exchange Unit, as follows:

Saudi riyal to Yemeni riyal = 140 Yemeni riyals

US dollar to Yemeni riyal = 530.50 Yemeni riyals

US dollar to Saudi riyal = 3.79 Saudi riyals.

YPA