Barran Press
On January 12, 2025, the Yemeni rial hit a historic low against foreign currencies, despite recent Saudi financial aid.
Sources in Aden reported to "Barran Press" that the dollar soared to 2,150 rials during evening trading, up from 2,110 in the morning for buying. For selling, it rose to 2,170 from 2,120. The Saudi rial also increased to 563 rials for buying and 566 for selling, with hourly fluctuations.
In contrast, Houthi-controlled regions saw stability, with the dollar at 538 rials for selling and 534 for buying, and the Saudi rial at 140 for buying and 141 for selling.
This decline comes despite Saudi Arabia's $500 million aid package announced on December 27, 2024, which included a $300 million deposit to the Central Bank of Yemen and a $200 million grant to address budget deficits.
According to experts, Yemen faces a severe currency crisis, worsened by halted oil exports and currency speculation.
Sources in Aden reported to "Barran Press" that the dollar soared to 2,150 rials during evening trading, up from 2,110 in the morning for buying. For selling, it rose to 2,170 from 2,120. The Saudi rial also increased to 563 rials for buying and 566 for selling, with hourly fluctuations.
In contrast, Houthi-controlled regions saw stability, with the dollar at 538 rials for selling and 534 for buying, and the Saudi rial at 140 for buying and 141 for selling.
This decline comes despite Saudi Arabia's $500 million aid package announced on December 27, 2024, which included a $300 million deposit to the Central Bank of Yemen and a $200 million grant to address budget deficits.
According to experts, Yemen faces a severe currency crisis, worsened by halted oil exports and currency speculation.
