Central Bank to increase national currency's exchange rate gradually

YWEF Documents 4,651 Houthi Violations Against Mosques and Religious Minorities

The Yemeni Women Empowerment Foundation (YWEF) has documented 4,651 crimes and violations committed by the Iranian-backed Houthi terrorist militia against mosques, religious figures and minorities across 14 provinces between January 2014 and August 21, 2026.

10 Palestinians Killed in Gaza as Israeli Forces Arrest Palestinian Minister

Ten Palestinians, including nine Palestinian police officers and personnel, were killed and others injured in Israeli airstrikes and shelling targeting northern and central Gaza Strip on Wednesday.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/22 Time 08:50:12
Latest News:

YWEF Documents 4,651 Houthi Violations Against Mosques and Religious Minorities

Houthi Violations Leave Nearly 59,000 Civilians Dead or Injured Since 2015: Rights Group

Yemen Condemns Israeli Escalation in Gaza and E1 Settlement Plan

Foreign Minister And Her Djiboutian Counterpart Discuss Joint Cooperation

Foreign Minister Discusses Cooperation, Coordinating Positions with Mauritanian Counterpart

Central Bank to increase national currency's exchange rate gradually

[18/01/2018 05:32]

ADEN-SABA
The Central Bank of Yemen has decided to gradually increase the exchange rate for the national currency, Riyal, to foreign currencies and issue a daily rate update starting from next week.

The CBY made the decision in a meeting with representative of money exchange businesses in the temporary capital Aden on Thursday, a day after king Salman bin Abdulaziz Al Saudi of Saudi Arabia ordered the deposit of a $2 billion into the CBY to shore up the Rial.

The Riyal traded at roughly 500 to the dollar before the Saudi deposit, compared to 214 versus the dollar before the Houthis unleashed the devastating war in 2015.

The CBY's governor, Munassar al-Quo'ayti, decided to create a department for overseeing the exchange rate and ascertaining the compliance of money exchange businesses with the pertinent laws and regulations.

He said that there are a package of measures under the Economic Recovery plan to secure the imports that prompt most the demand on hard currencies.