Foreign currency prices significantly increase against Yemeni riyal in Aden

SANAA, June 24 (YPA) – Foreign currencies continued on Tuesday to rise in Aden and the southern and eastern provinces of Yemen under the Saudi-led coalition’s control, amid a continued decline in the local currency, the Yemeni riyal.

This exacerbates the economic crisis and worsens the living conditions of citizens in these areas.

According to today’s exchange rate updates, on Tuesday, the dollar exchange rate against the riyal in Aden reached 2,784 riyals for sale, while it recorded 2,758 riyals for purchase. The Saudi riyal exceeded 730 riyals for sale and 725 riyals for purchase, recording a 24-hour increase of 30 riyals to the dollar and 10 riyals to the Saudi riyal.

Over the past ten days, the dollar exchange rate has risen significantly and unprecedentedly by about 184 riyals, while the Saudi riyal has increased by more than 33 riyals.

Observers attribute this dramatic collapse of the riyal against foreign currencies to economic mismanagement by the pro-coalition government, which has failed to implement any meaningful reforms capable of mitigating the deteriorating living conditions that are burdening citizens.

In contrast, exchange rates in Sanaa remained stable, with no significant changes, thanks to financial and banking measures adopted by the Central Bank to maintain financial market stability.

 The exchange rates for foreign currencies against the Yemeni riyal in Sanaa remain fixed, as determined by the Central Bank, 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 per dollar. 

YPA