Foreign exchange rates in Aden stabilize relatively

SANAA, Mar. 05 (YPA) – Foreign exchange rates in Aden and the southern and eastern provinces of Yemen stabilized relatively on Wednesday at their highest level in the past 24 hours.

The US dollar exchange rate in Aden today, Wednesday, recorded 2,348 Yemeni riyals for sale and 2,330 riyals for purchase, while the Saudi riyal exchange rate exceeded 614 riyals for sale and 611 riyals for purchase.

One of the notable developments is the rise in the dollar exchange rate in Aden since the beginning of Ramadan by about 100 riyals, while the Saudi riyal exchange rate increased by about 30 riyals.

Observers warned of the continued instability of exchange rates amid the significant collapse of the local currency, which could lead to negative economic repercussions that directly affect the lives of citizens.

In Sanaa, exchange rates remained stable without any changes, thanks to the financial and banking measures taken by the Central Bank there to ensure market stability.

The Central Bank in Sanaa announced the approved price ceiling for key currencies at the Foreign Exchange Dealing Unit, which includes 140 Yemeni riyals per Saudi riyal, 530.50 Yemeni riyals per US dollar, and 3.79 Saudi riyals per US dollar.

YPA