Socotra - Banks & Financial

May 31, 2024

The preferred currency is the US dollar.

Euros are not accepted and neither are US dollars that are issued prior to 2006.

There is an ATM in Hadibo but the official rate is very bad compared to the black market. The exchange rate from the ATM is US1$ = 250 Yemeni Rial (YR).  If you change on the street it is US$1 = 1250 YR.   So, it is better to bring cash.  (Rates as at May 2023).

 

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Related to following destinations: Socotra, Yemen
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