Yemeni riyal continues to decline against foreign currencies

SANAA, Feb. 9 (YPA) – The Yemeni riyal on Saturday continued to decline against foreign currencies, after two days of slight improvement in the domestic exchange markets.

Banking sources told Yemen Press Agency that the absence of the regulatory authorities is key factor in the sudden decline of the national currency from time to time.

A US dollar exchange rate amounted to 600 Yemeni riyals in the capital Sanaa, 605 riyals in Aden, and 589 riyals in Hadramout, while the official price of a US dollar at the Central Bank in Sanaa amounted to 250 riyals and 400 riyals in the central bank in Aden, according to the sources.

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