Yemen Monitor / Newsroom:
The Central Bank of Yemen in Aden announced on Tuesday the results of Auction No. (9-2025) for the sale of foreign currency.
The total amount of accepted bids reached $17.395 million out of a $30 million offering, representing a coverage rate of 58%.
According to the auction results, the exchange rate was set at 2,370 Yemeni rials per U.S. dollar.
The local currency in areas controlled by Yemen’s internationally recognized government has lost a significant portion of its value since the beginning of 2025. This comes amid a deepening political rift within the government, which has been unable to convene effectively or address escalating economic crises since the start of the year.
A report by the World Food Programme, released on March 31, estimated that the Yemeni rial in government-held territories hit a new record low during January and February 2025, losing around 26% of its value against the U.S. dollar on a year-on-year basis.
