NYN | News
The Yemeni rial continued to show signs of stability on Tuesday in Aden, supported by a series of strict monetary measures approved by the Central Bank to curb speculation and boost confidence in the local currency. These measures have contributed to stabilizing exchange rates.
According to the latest indicators, the exchange rate of the US dollar in Aden reached 1,617 rials for buying and 1,632 rials for selling, while the Saudi riyal recorded 425 rials for buying and 428 rials for selling.
This stability comes amid close monitoring by economic circles to see the impact of the recent monetary measures and their effectiveness in curbing volatility in the exchange market in the coming period.
In Sana’a, exchange rates remained stable at 535 rials per US dollar for buying and 538 for selling, while the Saudi riyal stood at 140 rials for buying and 140.40 for selling. This reflects a state of relative stability in areas controlled by the Sana’a government in recent years, despite ongoing economic sanctions imposed by the United States and its allies, along with associated restrictions on resources and revenues.
