Aden local authority, private sector approve measures to stabilize prices

To manage challenges, national efforts need to be joined, international support imperative—al-Arada stressed

The Member of Presidential Leadership Council (PLC) Sultan al-Arada, confirmed that the challenges currently facing our country require joining national efforts and increasing regional and international support in order to contribute toward restoring the state institutions, achieving stability and alleviating the suffering of the Yemeni people.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/17 Time 12:41:09
Latest News:

Planning Minister Discusses Humanitarian and Development Plan Priorities with UN Resident Coordinator ..

Al-Khanbashi: Netherlands' developmental interventions greatly valued

Prime Minister receives Italian Foreign Ministry delegation

Leadership Council Member Al-Aradah Discusses Political, Economic Developments with EU Ambassadors

Coordinating Humanitarian Efforts of Relief Organizations in Wadi Hadramout Discussed

Aden local authority, private sector approve measures to stabilize prices

[05/09/2018 05:06]

ADEN -SABA
A joint meeting between the local authorities and the private sector of Aden on Wednesday has approving a set of measures to stabilize the prices of basic commodities and the exchange rate of the Yemeni Riyal against the US dollar as set earlier by the country's central bank.

The meetingbrought together the acting governor of Aden Ahmed Salmin, the deputy governors, members of the Chamber of Commerce, the ministry of industry and trade, and a number of money exchangers.

The meeting decided to stabilize the exchange rate of YR 497 versus the US dollar and to cover the finance of importing staple commodities through opening the central bank'sletters of credit to all traders without exception.

It also approved the suspension of all unlicensed money exchange businessesand the referral of commodity price manipulators to the Public Prosecution.