“Yemeni Central Bank” Offer $10.5 Million for Sale in New Auction to Curb National Currency Decline
Yemen Monitor/Newsroom:
The Central Bank of Yemen in the capital Aden announced today, Sunday, the sale of 10.5 million US dollars, aiming to curb the deterioration of the national currency in the governorates under the control of the legitimate government.
The bank clarified that the results of this year’s scientific auction for the sale of 30 million US dollars resulted in the sale of 10 million and 516 thousand dollars out of the 30 million dollars offered for sale at a price of 2220 riyals.
According to the bank’s announcement, the auction coverage rate reached 35%, with 10 bids submitted by 3 participants. The bank explained that the highest bid price reached 2329 riyals, while the lowest price was 2294 riyals.
The Yemeni markets in the temporary capital Aden and the rest of the liberated governorates are witnessing a rise in exchange rates, with the exchange rate of one dollar reaching 2352 Yemeni riyals, while the Saudi riyal reached 620 Yemeni riyals.
