Aden (Debriefer) - The Yemeni rial on Saturday saw tangible recovery against foreign currencies in Aden and other areas under official government control, banking sources said, hours after the new cabinet was declared.
The rial value increased (from 900+) to 775 for one US dollar, and (from 245) to 205 for one Saudi rial, the sources added.
The coming days are expected to witness further improvement in the national currency's value, particularly once the government returns to Aden and begins fiscal and administrative reforms, according to the sources.
On Friday, the Yemeni President, Abd Rabbu Mansour Hadi decreed the formation of the new government equally shared by the war-torn country's northern and southern provinces.
