US dollar continues to rise against local currency again in Aden

ADEN, Nov. 20 (YPA) – The US dollar in Aden and the southeastern provinces of Yemen recorded on Wednesday 2,064 riyals when selling, while it reached 2,055 riyals when buying, an increase from yesterday’s prices, Tuesday, of 7 riyals.

According to banking sources in Aden, the Saudi riyal exchange rate exceeded the barrier of 539 riyals for sale and 538 riyals for purchase.

Observers attribute the reasons for this collapse of local currency to economic mismanagement by the government loyal to the Saudi-led coalition, which failed to implement any economic reforms to stop the deterioration in living conditions that is killing citizens.

The local currency collapse has significantly impacted citizens in Aden and other southern and eastern Yemeni provinces, who are struggling to meet their basic needs due to rising food commodity prices.

In Sanaa, the Central Bank implemented financial and banking measures to maintain exchange rate stability, ensuring no variables impacted the rate.
The bank set foreign exchange rates in a daily circular 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 riyal.

YPA