Commodity prices flare up despite the stability of the exchange rate in the liberated governorates
English - Monday 07 February 2022 الساعة 09:43 am
Aden, NewsYemen, special:
The stability of exchange rates and the price of the Yemeni riyal against foreign currencies for a period did not work, with the prices of food and other commodities, which are still as high as the value of the collapsed riyal, which reached 450 riyals against the Saudi riyal, in recent months.
Citizens of the liberated governorates complained of their inability to keep pace with the dilapidated living situation, despite the stability of the Yemeni riyal price, which recorded 280 against the Saudi riyal, and did not positively affect the prices of goods.
And they called for activating and tightening the role of control over merchants and wholesale and retail shops, by the authorities, deterring price manipulators.
On the other hand, the crisis of high transportation prices coincided with the rise in fuel prices, which are absent from time to time, causing long queues in front of gas stations.
Meanwhile, the Aden Centers continue to offer auctions, as they set, the day after tomorrow, Tuesday, the launch of a new auction of $15 million.
He decided to receive bids from banks participating in the auction, in multiples of one thousand dollars, provided that the bids of one participant do not exceed 25% of the total auction value.
