New updates on US dollar, Saudi riyal trading prices in Sanaa, Aden

SANAA, May 15 (YPA) – The US dollar exchange rates in Aden and the southern and eastern provinces stabilized on Thursday at 2,556 Yemeni riyals for selling and 2,538 riyals for buying, while the Saudi riyal recorded 670 riyals for selling and 668 riyals for buying.

Since last April, the dollar has risen by more than 285 riyals, and the Saudi riyal by 70 riyals.

Observers have warned of a potential economic catastrophe due to the local currency’s deterioration and its impact on the lives of citizens who face poverty and dire conditions as a result of the corruption of the government loyal to the Saudi-led coalition.

On the other hand, Sanaa is witnessing stability in exchange rates thanks to the Central Bank’s measures to control the market. Today, the bank issued a circular setting the maximum selling prices for major currencies as follows:

– 1 Saudi Riyal = 140 Yemeni Riyals.

– 1 US Dollar = 530.50 Yemeni Riyals.

– 1 US Dollar = 3.79 Saudi Riyals.

YPA