Central bank announces steady dollar exchange rates at 440 while the price in the black market at 590

Central bank announces steady dollar exchange rates at 440 while the price in the black market at 590


The central bank of Yemen announced that exchange rates were fixed at 440 riyals for the dollar, in terms of food imports, while the black-market exchange rate exceeded 590 riyals per dollar.

In a statement quoted by the state news agency Saba, Central bank said that he worked to convert 61 million US dollars from the Saudi deposit to the accounts of foreign commercial banks to cover the banks ' requests for foodstuffs, especially children's milk, and wheat.

"It continues the legal procedures for stabilizing prices by withdrawing from the Saudi depository, which has had a very significant impact on stabilizing exchange rates and lowering the prices of all foodstuffs and petroleum derivatives," it said.

However, the exchange rate returned to rise again and the dollar reached 600 before retreating to 570, while the Economic Commission charged the central bank with large-currency speculative corruption operations.


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