Yemeni riyal continues to drop in Aden, US dollar approaches barrier of 2,500 riyal

SANAA, April 21 (YPA) – The city of Aden and the provinces of southern and eastern Yemen witnessed a major collapse of the local currency, with a significant rise in foreign exchange rates, as the dollar exchange rate reached 2,475 Yemeni riyals.

On Monday, the dollar exchange rate in Aden reached 2,475 riyals for sale and 2,454 riyals for purchase, while the Saudi riyal exceeded 649 riyals for sale and 645 riyals for purchase, an increase of 22 riyals for the dollar and 6 riyals for the Saudi riyal in 24 hours.

Observers have warned of an economic crisis in Aden due to the unstable exchange rates and their impact on the lives of citizens suffering from poverty and government corruption.

In Sanaa, the exchange rates remained stable due to actions taken by the Central Bank. According to the bank’s circular today, Monday, 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