Yemeni riyal falls again against the dollar



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The Yemeni riyal marked a new collapse against foreign currencies on Saturday, in a state of anger among bankers.

Ahmed Abdul Jalil, teller in Aden, interim capital of the south of the country, told Anatolia that the price of a dollar in Aden banks reached 505 Yemeni riyals, while Saudi riyals reached 133.5 yr.

The high exchange rate of the last two days was attributed to increased demand for foreign exchange, in addition to what he saw as a "confusion of central economic policy" of the central bank.

Yemen's Central Bank left Sana'a for Aden in September 2016. Since then, most commercial transactions and imports of goods have taken place.

The Yemeni riyal collapsed early last year and reached its lowest level against the dollar of 510 riyals in Aden, which resulted in a significant rise in price of raw materials.

Saudi Arabia intervened in January to save the Yemeni riyal and stop its collapse: it deposited $ 2 billion in the Central Bank of Yemen for a slight improvement in the Yemeni riyal and the dollar fell at 480 riyals.
In the capital Sana & # 39; a, controlled by the Ansar Allah Group (Houthi) since 2014, the dollar reached 469 riyals on Saturday, while the Saudi riyals reached 132.5 riyals in the stores. exchange, the highest since January.

According to Hamoud Ali, a banker of a commercial bank, Yemen's standard crash was caused by what he saw as the "inability" of the central bank to find solutions to the problem. recovery of the local currency.

He said: "The bank meets bankers and commercial banks, and tells them that it will start dealing with the Saudi depository, but to this day it has not believed and not once in what he says. "

Anatolia tried to get a comment from the Central Bank's information department, but did not receive a response.

The Central Bank sets the official dollar price at 381 and 99 Saudi Riyals

You can visit the original news here >> This story published by the Yemen News website was published by the news website

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