US dollar rises again in Aden

ADEN, Nov. 12 (YPA) – Foreign currencies have increased in recent hours, causing a decline in local currencies in Aden and the southeastern provinces of Yemen, which could worsen the economic situation in the pro-Saudi-led coalition government areas.

Banking sources in Aden reported a 10 riyal increase in the dollar’s selling price to 2060 riyals, while the buying price reached 2051 riyals, while the Saudi riyal exchange rate exceeded the barrier of 538 riyals for sale and 537 riyals for purchase.

The local currency collapse has significantly impacted citizens in Aden and other southern and eastern Yemeni provinces, who are struggling to meet their basic needs due to rising food commodity prices.

In Sanaa, the Central Bank implemented financial and banking measures to maintain exchange rate stability, ensuring no variables impacted the rate.

The bank set foreign exchange rates in a daily circular as follows:

Saudi riyal to Yemeni riyal = 140 Yemeni riyals.

US dollar to Yemeni riyal = 530.50 Yemeni riyals.

US dollar to Saudi riyal = 3.79 Saudi riyals to the dollar.

YPA