Yemen’s southern provinces witness fluctuations in foreign exchange rates
SANAA, Mar. 10 (YPA) – Aden and other provinces in southern and eastern Yemen are witnessing fluctuations in foreign exchange rates against the Yemeni riyal, which continues to collapse.
Today, Monday, the price of the dollar in Aden reached 2,344 riyals for sale and 2,330 for purchase, while the Saudi riyal reached 613 riyals for sale and 611 for purchase.
It is noteworthy that the dollar has risen by about 50 riyals since the beginning of Ramadan, and the Saudi riyal by about 15 riyals.
Observers warned of the direct economic repercussions on citizens as a result of the continued collapse of the local currency and the instability of the exchange rate.
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