Yemeni riyal continues to fall against foreign currencies in southern provinces

SANAA, Jan. 03 (YPA) – The Yemeni riyal exchange rate on Tuesday continued to drop dramatically against foreign currencies in the southern provinces controlled by the Saudi-led coalition countries, reaching 1,248 riyals per US dollar in Aden and Hadramout provinces.

This comes days after revealing the lie of the arrival of a Saudi and Emirati deposit to the Central Bank of Aden, and after president of the Riyadh-formed “Presidential Council” Rashad Al-Alimi announced that his government was bankrupt and unable to pay salaries of its employees, starting from the beginning of the year.

Meanwhile, the exchange rate of riyal maintained its stability in Sanaa and the areas under the control of the Salvation Government at 560 riyals per dollar.

YPA