Aden local authority, private sector approve measures to stabilize prices

Cabinet Reviews Houthi Escalation, Calls for Stronger Response

Prime Minister Shaya Zindani chaired a Cabinet meeting in Aden on Tuesday to assess the latest Houthi military escalation and its security, economic and humanitarian consequences.

Helicopter Crashes While Fighting Wildfire in Utah

A helicopter crashed Saturday while taking part in firefighting efforts against a large wildfire in the U.S. state of Utah, with no immediate information available on the condition of the two people aboard.

Gold Edges Higher Ahead of U.S. Jobs Data

Gold prices edged higher on Tuesday as investors awaited a series of U.S. labor market reports for fresh signals on the future path of U.S. interest rates.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/08/12 Time 05:07:28
Latest News:

Cabinet Reviews Houthi Escalation, Calls for Stronger Response

Yemen Receives Solar-Powered Vaccine Equipment to Strengthen Immunization

Yemen Condemns Colombia’s Recognition of Claimed Israeli Sovereignty Over Occupied Syrian Golan

Transport Ministry: Houthi Attack on Yemeni Cargo Ship in Bab al-Mandab Kills Four

Foreign Ministry: Houthi Militia's Attack on Tahama Vessel Is Part of Systematic Campaign Against National ..

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.