Yemen Monitor / Newsroom:
The Yemeni national currency, witnessed a notable improvement against foreign currencies on Saturday in areas controlled by the internationally recognized Yemeni government, according to banking sources.
The sources explained that the exchange rate of the Saudi riyal stabilized at 350 Yemeni riyals after having reached 425 riyals earlier in the day, while the US dollar closed at 1,558 riyals in the evening, down from levels ranging between 1,615 and 1,626 riyals in buying and selling transactions.
This improvement comes following measures taken by the Central Bank of Yemen, most notably the suspension and revocation of licenses for more than 70 exchange companies and branches since last July.
