Yemeni rial declines to 600 per dollar as the demand of foreign exchange increases

Yemeni rial declines to 600 per dollar as the demand  of foreign exchange increases


The Yemeni riyal retreated  to foreign currencies in a new index on the collapse of the economy, and the price of the dollar in the parallel market reached 600 riyals, while the Saudi riyal price reached 158 riyals.

According to bankers who reported to  "Al-Masdar online", the price of the riyal is due to the demand for foreign exchange, and the indices of its height may break the barrier of 600 riyals, and if it does, it can escalate more quickly.

The riyal had seen an improvement in early November and the exchange rate reached 470 riyals for the dollar in the parallel market, and the price was turning around the price of the central bank of Yemen, which set the price to 440 per USD.

But he collapsed again by cashiers speculating then settled for about a few weeks at 570 riyals, before retreating again on Wednesday.

This comes a few weeks after the international donors ' conference to finance Yemen's humanitarian response plan submitted by the United Nations to save the humanitarian situation in the poorer country of the Arabian Peninsula.


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