Yemeni Riyal Records New Low Against Foreign Currencies in Southern Provinces

The Yemeni riyal exchange rate on Wednesday recorded major low against foreign currencies in the southern provinces controlled by the Saudi-led coalition countries, reaching 1,285 riyals per US dollar in Aden and Hadhramout provinces.

This comes days after the false news on the arrival of a Saudi and Emirati deposit to the Central Bank of Aden, and after president of the Riyadh-formed “Presidential Council” Rashad Al-Alimi announced that his government was bankrupt and unable to pay salaries of its employees, starting from the beginning of the year.

Meanwhile, the exchange rate of riyal maintained its stability in Sanaa and the areas under the control of the Salvation Government at 560 riyals per dollar.

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