Yemeni riyal on rebound as people voice optimism over new government ...Saudi Arabia

Author: Sun, 2020-12-20 22:01 AL-MUKALLA: The Yemeni riyal has recovered by 20 percent after positive news about the implementation of the Riyadh Agreement and the formation of a new government, giving a long-awaited boost to the chaotic exchange market. Local moneychangers told Arab News on Sunday that the Yemeni riyal bounced to 750 against the US dollar in the government-controlled areas, rising from 925 about 10 days ago, and reviving hopes about bringing the market under the government’s control. The riyal’s rebound began on Dec. 11 when the Arab coalition announced the Yemen’s internationally recognized government and the separatist Southern Transitional Council agreed to withdraw

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