"Latest" exchange rates in Yemen

Now the latest exchange rates in Yemen today, where we follow the Yemeni rial price updated daily, and one of the most important currencies comparing the dollar to the riyal cream today. where the dollar remains the world's most important economic currency.

In second place is the price of Saudi Riyal over the Yemeni riyal on the black market, after the transfer of many citizens to Saudi Arabia because of the conditions experienced by the Republic of Yemen for many years, and the number of Yemeni citizens in the Kingdom currently exceeds the bar of 2 million citizens.

The price of the Saudi dollar and riyal against the Yemeni rial today on the black market

The price of Yemeni rial against the dollar today for the sale of 581 to 592 for a black market purchase, while the price of Yemeni rial against Saudi Arabia was today of 152 for sale for 154 to buy.

Read also: The price of gold today in Yemen in US dollars and in cream

Note that these prices are not fixed. These are the average prices of black market exchange rates in relation to the Yemeni rial, and the prices of Saudi Arabian dollars and riyals in Yemen may vary from province to province and from seller to seller. other.

The troubles persist in the price of the Yemeni rial today

The price of Yemeni riyal is changing daily on the black market, where Yemeni currency prices are depreciating against the dollar and Saudi Riyal, and the next day they rise or fall due to the difficult economic and political situation. in which lies the Yemeni state, as well as the scarcity of foreign exchange resources. Economic and export activities at the government level as well as in the private sector, with a budget deficit in Yemen, that the government is trying to achieve through loans and assistance Arab and international.

The scarcity of foreign exchange resources, due to the cessation of all economic and export activities at both governmental and private levels, also affects the price of Yemeni riyal against various currencies due to lack of supplies and increased demand for the US dollar and Saudi Riyal, while the Yemeni government's budget is in deficit. Thanks to loans and to help Arab and international.

Steps to solve economic problems in Yemen

The Washington Institute has released a paper that includes a road map for solving Yemen's economic problems, including Yemeni rial support for foreign currencies. The first suggestion is that the Saudi dollar and Saudi Riyal be used as official recognized currencies, and secondly, the use of modern technology through increasing payments and electronic funds transfers.

This will help reduce the rate of corruption and speculation on foreign currencies, as well as the willingness of citizens to formally deal with banks and the banking sector, and third, the resumption of work in all oil and gas fields. , which will directly contribute to increase the state revenue of about 19% from the commissioning Export Operations.

Exchange rate of the Yemeni Rial in foreign currencies today

The stable stability of the Yemeni rial price against the dollar today, as well as the persistent calm on the parallel market, are trading on the Saudi currency, after significant gains in previous conversions.