"Millions of hungry and destitute Yemenis are being impacted by the rapid and uncontrolled devaluation of the Yemeni Rial
", said Ms.
14 -- The value of the Yemeni rial
has rapidly increased in the last two days from 238 rials to 218 rials to the dollar, leaving some angry after losing thousands of rials in the exchange rate.
The report showed that the National Reconciliation Government has reduced the price of dollar to keep the price of Yemeni Rial
at 215 against the dollar and increased the reserve of hard currency from USD 4.5 billion in 2011 to 6,2 billion in 2012.
SANA'A, May 1st -- The value of the Yemeni rial
has improved during the past week, simply because Yemenis had hoped the political situation would improve after the ruling party signed the Gulf initiative with opposition counterparts on Monday, May 2nd, 2011.
The Yemeni Rial
has remained steady against the USD at around YR 214 to the dollar.
The Yemeni Rial
recorded a very fast fall against dollar from (18) R/d in 1990, to (120), to (165)rials per dollar in 1994.
Coins come in denominations of 20, l0 and 5 Yemeni Rial
. The exchange rate is now quite stable, 200 YR to 1 US dollar.
He also said that the repeated devaluation of the Yemeni Rial
(YR) ensured that Yemenis lost confidence in the currency and this created fears that they would lose money.
In the last seven months, the Yemeni Rial
has fallen 16 percent to the US Dollar.
It is alleged the 38-year-old woman changed the amount of money her husband would have to pay her if they split from 100,000 Yemeni rials
to 500,000 - approximately Dhs9,000.
The 38-year-old Yemeni teacher stood in the dock on Monday charged with forging the Yemen Republic marriage contract by changing the sum - she should get paid upon divorce - from Yemeni Rials
100,000 to 500,000 on the contract, according to prosecution records.
Locals in Abyan claimed that "youth" (low-level Popular Committee fighters) receive about 15,000 to 20,000 Yemeni rials
(approximately $70 to $100) per month, plus food, water and khat, the leafy stimulant chewed by a majority of Yemeni men.