Yemeni rial falls to new low against dollar

2021-11-29 | Since 2 Month

ADEN (Debriefer)--The Yemeni rial continued to fall against foreign currencies in regions controlled by the internationally recognised government, exchangers in the interim capital Aden said on Sunday.

It is trading at more than 1,600 per US dollar, they said. In the regions controlled by the Houthi group, a US dollar is buying 600 rials.

As a result, the prices of basic commodities have skyrocketed, some by 70% in just a few months.

Before the war broke out in late 2014, one US dollar was buying 215 rials.

Meanwhile, the fees of money transfer between regions run by the government and those run by the Houthis have increased to 160% of the value of the transaction.

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