The Yemeni riyal recorded a slight improvement against foreign currencies, this evening, Sunday, January 21, 2024, in the exchange markets in the capital, Aden, and the liberated governorates, after its record collapsed within about a week.

The Central Bank of Yemen announced today the launch of auction sales and raised them from 30 million to 40 million dollars, while the price will be determined later by market requirements.

According to banking sources, the exchange rates of foreign currencies against the Yemeni riyal this evening

Sunday, are as follows:-

US Dollar

1571 Yemeni riyals to purchase

1580 Yemeni riyals for sale

Saudi Riyal

414 Yemeni riyals to purchase

415.5 Yemeni riyals for sale

Thus, the Yemeni riyal recorded a slight improvement against foreign currencies this evening, Saturday, by 2 riyals at the Saudi exchange rate compared to prices yesterday evening, Saturday, which is a slight improvement compared to a collapse within a week of about 18 riyals at the Saudi exchange rate.

Although the bank announced that it had received the second installment of the Saudi deposit last week, the riyal recorded a major collapse against foreign currencies, and the price of the Saudi riyal reached 430.

Banking sources say that the collapse was not real, but that there are large traders speculating in currency prices, without a deterrent force to prevent speculation.