Yemen Monitor – Newsroom:
The Yemeni rial continued its upward trend on Saturday, marking the fifth straight day of improvement against foreign currencies, driven by strict measures recently implemented by the Central Bank and the government.
Banking sources reported that the exchange rate for the Saudi riyal dropped this evening to 400 Yemeni rials for buying and 380 for selling—significantly down from Friday’s rates of 500 for buying and 532 for selling.
The US dollar also fell to 1,522 rials for buying and 1,759 for selling, with minor regional variations. This is a notable improvement froاسعارااm Friday’s rates, which had exceeded 2,026 for buying and 2,045 for selling.
This recovery follows a sharp depreciation earlier last week, when the dollar surged past 2,800 rials on Tuesday before beginning a gradual decline due to government interventions.
Sources attributed the improvement to decisions by the Central Bank to suspend several non-compliant exchange companies, alongside broader government steps to enhance public financial management and increase revenues—moves that have helped restore some confidence in the financial market.
