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Last updated: 08:40:24 PM GMT(+03) Saturday, 17, July, 2010
 
 

Dollar Hits Highest against Yemeni Riyal

 
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 Yemen Post Staff

The U.S. dollar climbed to 230 Yemeni Riyals on Saturday, hitting its highest level after it dropped early this year amid the World Bank's interventions to stabilize the national currency.

It rose from YER 226 last Tuesday to YER 230 Saturday morning, triggering fears about the economic and social situations in the country.

Exchangers said they buy one dollar for YER 228.50 and sell it for YER 230.

Early this year, the U.S. dollar fell against the Yemeni Riyal after the World Bank pumped hundreds of millions of dollars into the local exchange markets.

Amid this, economists expect the Riyal will see further deterioration against the U.S. dollar in the future because of the bad policies of the Yemen Central Bank.
 


Yemen Post Staff
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Source: Yemen Post Newspaper
 
 
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