Yemeni riyal hits new low against foreign currencies in southern provinces

Foreign exchange rates on Saturday continued their rapid rise against the collapsing Yemeni riyal in the local exchange market trading in Aden province and the rest of the southern provinces, controlled by Saudi-led coalition.

This is accompanied by a wave of unprecedented outrageous prices of commodities and foodstuffs in local markets, which has exacerbated the suffering of citizens in the southern provinces.

In Aden and Hadramout provinces, the exchange of one US dollar reached 1,200 riyals, while the Saudi riyal records 315 riyals.

In the capital Sanaa, the Yemeni riyal exchange rate remained stable at 602 riyals per dollar, while the dollar exchange rate on the black market reached 605 riyals.

YPA