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Aden News: Despite stable exchange rate at 410, many goods prices have risen to 780 Riyals

Aden News: Despite stable exchange rate at 410, many goods prices have risen to 780 Riyals

The prices of many products in Aden markets have returned to their previous levels, which are based on an exchange rate of 780 riyals against the Saudi riyal, even though the current exchange rate remains stable at 410 riyals. Traders and citizens confirmed that goods such as frozen chicken, dairy products, juices, bottled water, sweets, chocolates, baby diapers, and cosmetics are still being sold at prices based on the previous exchange rate, despite the improvement in the local currency's value and the decrease in the exchange rate. The relevant authorities have not taken measures to regulate the market or prevent traders from randomly raising prices, leading some traders to exploit the situation out of greed.

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