Yemen Monitor / Newsroom:
Foreign currency exchange rates against the Yemeni Rial continued their state of stability on Thursday in local market transactions, both in the capital, Sana’a, and the city of Aden.
In areas under the control of the internationally recognized government, the exchange rate for the Saudi Riyal in exchange shops and companies ranged between 400 and 410 Yemeni Rials, while the exchange rate for the US Dollar reached between 1520 and 1550 Rials.
In contrast, the Yemeni Rial maintained its relative stability in areas under the control of the Houthi group, where the Saudi Riyal is traded at approximately 140 Yemeni Rials, while the price of the US Dollar ranges between 535 and 540 Rials.
This stability comes despite increasing complaints from citizens regarding the continued rise in the prices of goods and services, in light of the disparity in exchange rates between the country’s regions.
Yemen is experiencing difficult economic and living conditions, with ongoing financial challenges in areas under the control of both the government and the Houthis, in a country facing one of the worst humanitarian and economic crises in the world.
