Central Bank to increase national currency's exchange rate gradually

Health Minister Opens Aden Charitable Heart Center, Launches Fifth Cardiac Surgery Camp

Minister of Public Health and Population Dr. Qassem Buhaibeh on Saturday inaugurated the Aden Charitable Heart Center, a specialized facility for cardiac diseases, heart surgery and catheterization affiliated with Aden Charitable Hospital, and launched the fifth cardiac surgery and interventional catheterization camp.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/20 Time 04:17:18
Latest News:

Yemen Cabinet Approves Rules to Regulate Official Overseas Travel

Yemen, Japan Discuss Bilateral Ties and Regional Security

Yemen Highlights Economic Recovery Prospects at Arab-German Business Conference

emen Participates in Islamic Development Bank Annual Meetings

Yemen Condemns Repeated Israeli Attacks Against Palestinians in West Bank

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.