Yemen Monitor/Newsroom:
Foreign exchange rates against the Yemeni Rial maintained a state of relative stability on Monday across various regions of the country, with no significant changes recorded in the local market.
Banking sources stated that the Saudi Riyal is being traded in exchange shops and companies within areas under the control of the internationally recognized government at between 400 and 410 Yemeni Rials.
The sources added that the exchange rate for the US Dollar ranges between 1,520 and 1,550 Yemeni Rials, amid a noticeable stability in buying and selling activity.
In contrast, the Yemeni Rial has remained stable in areas under the control of the Houthi group for years, where the Saudi Riyal is traded at approximately 140 Yemeni Rials, while the US Dollar exchange rate ranges between 535 and 540 Rials.
This comes at a time when citizens are complaining about the continued rise in the prices of basic commodities, despite the state of relative stability in exchange rates throughout various parts of Yemen.
