Instability of exchange rates continues in Aden, southern provinces

SANAA, April 19 (YPA) – The instability of exchange rates continues in Aden and other provinces in southern and eastern Yemen, with the continued collapse of the local currency.

On Saturday, the US dollar in Aden was trading at 2,445 Yemeni riyals for sale and 2,427 riyals for purchase, while the Saudi riyal rose to 641 Yemeni riyals for sale and 638 riyals for purchase. Since the beginning of April, the dollar has risen by more than 120 riyals and the Saudi riyal by more than 32 riyals.

Observers have warned of an economic disaster in Aden due to exchange rate instability, which negatively affects the lives of citizens with increasing poverty and a tragic situation as a result of the corruption of the government supported by the Saudi-led coalition.

In Sanaa, the exchange rates remained stable due to actions taken by the Central Bank. According to the bank’s circular today, Saturday, the selling prices for major currencies were set 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