Yemeni riyal fails to recover despite arrival of Saudi deposit

SANAA, Aug. 15 (YPA) – The Yemeni riyal is still in danger after failing to recover against foreign currencies in the southern and eastern provinces controlled by the Saudi-led coalition, and it collapsed again as a result of the pro-coalition government’s failure to manage the economic file.

This is despite reports of a Saudi deposit of one billion Saudi riyals arriving at the Central Bank in Aden to fund the salaries of coalition-aligned government personnel.

The exchange rate of one dollar in the exchange shops in Aden province and the rest of the areas under the control of the coalition forces reached 1,430 riyals, while the Saudi riyal reached 379 riyals.

On the other hand, the National Salvation Government succeeded in fixing the exchange rates in the areas under its control at 529 riyals per dollar and  141.70 riyals per Saudi riyal.

YPA