Yemen Monitor / Newsroom:
This Sunday morning, the exchange rate of the Yemeni rial saw a noticeable improvement in the local markets of southern Yemen, marking a new rise against major foreign currencies.
The US dollar recorded a purchase price of approximately 1,256 rials, while the Saudi riyal’s exchange rate reached about 330 rials.
This improvement comes amid expectations of achieving more relative stability in the banking market in the coming period, which may boost confidence in the local economic performance.
