Yemeni riyal witnesses relative stability in Sanaa

SANAA, July 9 (YPA) – The Yemeni riyal exchange rate on Thursday witnessed relative stability in the capital Sanaa, reaching 601 Yemeni riyals per dollar, as a result of pumping foreign currencies to the exchange shops by the Central Bank of Yemen in Sanaa.

Meanwhile, the riyal exchange rate in the southern Yemeni provinces is still suffering from decline due to the tension between the armed factions loyal to Saudi-led coalition in Abyan province, as well as the arrival of a new batch of the funds printed without cover by Hadi’s government to Mukalla port in Hadramout province.

The riyal exchange rate in Aden province recorded 753 riyals per dollar, and 738 riyals in Hadramout.

The average price of dollar on the black market reached 605 riyals in the capital Sanaa, while its price in the Central Bank in Sanaa continued at 250.5 riyals, and at 498 riyals in other Yemeni banks in the capital.

YPA