NYN | News 

The depreciation of the Yemeni rial against foreign currencies continues, with exchange rates tonight reaching catastrophic record highs. The exchange rate of the US dollar in Aden this evening has reached 2360 Yemeni rials for sale, while in Sana’a, it fluctuated around 537 rials for sale, in a stark contrast that highlights the economic and political divide Yemen is experiencing.

Economic experts attribute this rapid collapse to the failure of the Aden government’s policies in addressing the currency crisis, and the depletion of available international opportunities through financial grants and concessional loans. At the same time, international reports indicate the expansion of corruption within state institutions, turning rescue plans into mere paperwork.

In an attempt to control the black market, the Central Bank of Aden has directed exchange associations to resume foreign currency transactions with a maximum of 2000 Saudi riyals per day, threatening to revoke licenses and impose penalties on violators.

However, financial experts have described this step as a “temporary sedative,” noting that it will not restore confidence in the local currency unless accompanied by structural reforms that address import bottlenecks and halt the hemorrhaging of currency.

Recent exchange data has revealed a massive gap between the exchange rates in Aden and Sana’a, signaling the worsening of living crises for citizens, especially with the prices of essential goods rising by 300% compared to 2024 in the internationally recognized government areas.

Here are the exchange rates details: – In Sana’a:
– Buying the dollar: 534 rials
– Selling the dollar: 537 rials
– Buying the Saudi rial: 139.80 rials
– Selling the Saudi rial: 140.30 rials

– In Aden:
– Buying the dollar: 2348 rials
– Selling the dollar: 2360 rials
– Buying the Saudi rial: 615 rials
– Selling the Saudi rial: 617 rials