Central bank to announceinterest rate rise within hours

Al-Mahrami discusses with Defense Minister, Director of Military Academy conditions of armed forces, training plans

The Member of the Presidential Leadership Council (PLC) Abdul-Rahman al-Mahrami discussed today, Saturday, with the Minister of Defense (Lt Gen) Mohsen al-Daeri and the Director of the Military Academy Maj. General Hussein bin Atiq the conditions of the armed forces on various fronts, combat preparedness and training plans.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

Oil declines but stabilizes near its highest in a month

Oil prices declined in trading today, Wednesday, but remained close to their highest levels in a month, supported by new U.S. sanctions on a network of shipping companies and vessels, while traders are awaiting the OPEC+ meeting scheduled for the end of the week.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/09/07 Time 04:21:53
Latest News:

Arab League affirms support for Yemen's unity, sovereignty, stability

Ambassador Shuja al-Ddin discusses cooperation in field of electrical energy with Arab-Austrian Chamber ..

Al-Erada discusses current challenges, strengthening international support with UK Ambassador

Mahrah Police foil plot aimed to establish drug production laboratory in the governorate

Al-Mahrami chairs expanded security meeting to confront challenges

Central bank to announceinterest rate rise within hours

[17/09/2018 04:30]

ADEN-SABA
The central bank will announce a rise of interest rate within the coming hours to increase the demand for and, by extension, the value of the national currency, Riyal.

The planned rise was unveiled in a meeting held (in Aden on Monday) by the national Economic Committee composed recently of experts from the central bank and finance ministryfollowing the depreciation of the Riyalearly this month to more than 600 versus the US dollar down from 550 in the month before.

Bin-Daghr directed the finance ministry and the central bank to arrange $ 10 million to cover the Yemen oil company's needed funds to procure oil products.

He also ordered the central bank to maintain a daily exchange rate bulletin on the real average market value of the Riyal.