The Yemeni exchange markets witnessed relative stability in the prices of Arab and foreign currencies at the beginning of today’s trading, Tuesday, February 13, 2024.

In the capital, Aden, the exchange rates of the US dollar ranged between 1616 and 1628 Yemeni riyals for sale, while the price of the Emirati dirham ranged between 427 and 429 Yemeni riyals. The price of the Saudi riyal reached 426 Yemeni riyals for purchase and 428 Yemeni riyals for sale.

In Hadhramaut Governorate, the exchange rates of the US dollar ranged between 1616 and 1630 Yemeni riyals for sale, while the price of the Emirati dirham ranged between 427 and 429 Yemeni riyals. The price of the Saudi riyal reached 426 Yemeni riyals for purchase and 428 Yemeni riyals for sale.

It is expected that the prices of Arab and foreign currencies will continue to be stable during the coming period, unless there are any sudden changes in the factors affecting the market.

It is noteworthy that foreign currency prices in Yemen have witnessed significant fluctuations since the start of the war in 2014, which has exacerbated the economic crisis in the country.

The stability of Arab and foreign currency prices is positive news for the Yemeni economy, as it helps reduce inflation and improve the purchasing power of citizens.