Central Bank in Sanaa issues important circular
SANAA, April 07 (YPA) – The Central Bank of Yemen in Sanaa issued a circular setting ceiling prices for the major currencies approved by the foreign exchange transactions unit. The prices for Monday, April 7, 2025, were as follows:
– Saudi riyal: 140 Yemeni riyals.
– US dollar: 530.50 Yemeni riyals.
– US dollar to Saudi riyal: 3.79 Saudi riyals.
Aden is witnessing an economic catastrophe as the US dollar exceeded a barrier of 2400 riyals.
Foreign exchange rates in Aden and the southern and eastern provinces of Yemen witnessed an unprecedented rise on Monday, with the Yemeni riyal declining dramatically, reaching more than 2,400 riyals to the dollar.
According to local sources in the south of the country, many shops in Aden closed their doors, and their owners announced a general strike in protest against this significant increase in exchange rates.
In the latest developments today, the dollar exchange rate in Aden reached 2,406 riyals for sale and 2,388 riyals for purchase, while the Saudi riyal exchange rate exceeded 630 riyals for sale and 627 riyals for purchase.
Observers expressed concern about the instability of exchange rates amid the ongoing collapse of the local currency, pointing to the disastrous economic consequences that will directly impact the lives of citizens.
YPA