The price of the Yemeni rial today against the dollar and Saudi riyal at the black market on Saturday 10-8-2019

The price of Yemeni rial today On the black market, against the US dollar and the Saudi Riyal, we continue to follow the exchange rates of the Yemeni rial against the Arab and foreign currencies on the black market, as well as the exchange rate of the Yemeni currency relative to some some of the most famous currencies in the world.

The Yemeni riyal is currently subject to strong price fluctuations due to the conditions of the Yemeni economy, where it has experienced during the past week a significant rise against various currencies, after the government and the Central Bank of Yemen used part of the Saudi deposit.

The exchange rate of the dollar, Saudi Riyal and currencies in Yemen

The US dollar and Saudi Riyal are the two most prominent currencies in the Yemeni market. All our visitors can get acquainted with the exchange rates of various currencies on the Yemeni black market for the purchase and sale via the following price chart.

Read also: The price of gold today in Yemen against the US dollar and the US dollar

A tribute to the decisions of the Central Bank of Yemen to support exchange rates

The Minister of Information in the legitimate government of Yemen, Muammar al-Eryani, expressed his admiration for the decisions taken by the Central Bank of Yemen in recent days, which directly affected the remarkable improvement of the exchange rate of the Yemeni currency, and put an end to the sharp decline that led to the great collapse. The Minister of Information concluded his remarks by thanking the Kingdom of Saudi Arabia for its support for the stability of the Yemeni rial.

The reasons for the turmoil of the Yemeni rial against foreign currencies

Dr. Musaed Al-Qutaibi, of the Faculty of Economics of Aden University, one of the Yemeni economic adepts, said that several factors had led to this deterioration in the price of Yemen against the dollar and foreign currencies, including the disappearance of Yemeni government campaigns to control manipulators and speculators. Second, some economic measures taken by the legitimate government and the central bank will not help support exchange rates in Yemen until there is strict control.

Central bank seeks to return to banking sector

The Governor of the Central Bank of Yemen, Hafez Ma 'yad, announced the transfer of a new batch of foreign currency to one of the banks operating in the banking sector (Shamil Bank of Bahrain), as part of its work to satisfy and cover the demands of foreign currency bank clients. The return of the financial cycle of the banking sector, in addition to helping Yemeni banks to provide the foreign exchange required by brokers for their transactions with abroad, he also announced that the Central Bank was implementing measures to prevent the smuggling of currency into Yemen.

Exchange rate on the black market in Yemen today

The dollar and the riyal have stabilized today in the Yemeni black market, where the Yemeni rial has made gains after the actions and decisions made by the Yemeni government, also benefiting from foreign exchange subsidies and oil derivatives. of the legitimate government.

The price of the Yemeni rial is the parallel market today

After stabilizing riyal prices yesterday, calm has been maintained for the second day in a row, keeping the price of Yemeni rial to the point of remaining stable against the various black market currencies.