Yemen Monitor/Newsroom:
The Central Bank of Yemen in Aden announced the results of its latest auction today, Tuesday, where approximately $30 million in foreign currency was offered. This is the second auction of its kind this year.
In a statement published on its official website, the Central Bank confirmed that “$14.7 million was sold out of a total of $30 million offered at the auction, at an exchange rate of 2151 Yemeni riyals per US dollar. Meanwhile, the dollar was traded at 2195 for sale and 2185 riyals for purchase on Tuesday.”
This comes amid the continued collapse of the Yemeni rial to unprecedented levels, as the dollar reached around 2200 riyals.
The ongoing collapse of the rial has led citizens to take to the streets in recent days in areas controlled by the internationally recognized government, protesting the deteriorating living conditions and rising prices.
