Yemeni riyal pushes up prices of basic commodities

Publish December 22, 2020

After positive news about the completion of the Riyadh Agreement and the formation of a new government, The Yemeni riyal has recovered by 20 percent giving a long-awaited increase to the chaotic exchange market.

On Sunday, Arab News reported that local money changers declared that, the Yemeni riyal bounced to 750 against the US dollar in the government-controlled areas, improving from 925 about 10 days ago, and reviving expects about bringing the market under the government's control.

When the Arab coalition proclaimed the Yemen's internationally recognized government, the riyal's rebound started on Dec. 11 and the separatist Southern Transitional Council approved to remove their forces from Aden and Abyan.


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