Yemen central bank amends Riyal exchange rate against other currencies

President al-Alimi Declares Military Operations to Restore State Institutions, Take Control Over Entire National Territory

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) and Commander –in-Chief of the Armed Forces, announced today, Sunday, the start of military operations to regain the remaining lands of the republic, which are under the militias control, and to extend state authority and its institutions over the entire national territory, affirming the shift from the preparation and preparedness phase to the liberation phase after exhausting all chances for calm.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/05 Time 09:15:36
Latest News:

'MASAM' Removes 1,256 Houthi-Laid Landmines In Four Days

Houthi Militias Documented in 61 Violations in Taiz Over 24 Hours

Al-Muharrami Meets Prime Minister to Discuss Government Priorities

Yemen Takes Part in 63rd UN Human Rights Council Session in Geneva

Yemen Ambassador Meets French-Yemeni Friendship Group

Yemen central bank amends Riyal exchange rate against other currencies

[05/11/2018 12:52]

ADEN -SABA
Yemen's central bank announced on Sunday the amendment of the exchange rate of the Yemeni Riyal (YR) to YR 570 against the dollar and proportionally against other hard currencies to cover the import ofbasic commodities and the cash needs of Yemeni patients seeking to travel abroad for treatment.

In a press release received by Saba,the bank is making use of the Saudi financial deposit and latest ($200 mln) financial grantto make this amendment, after months of devaluation that plunged the YR to more than 700 against the US dollar.

The exchange rate amendments announced will take effect from November 5.

The bank said it is following a flexible policy in currency rates to be close to the real prices of the market by 10 to 15 points.

The bank called on all commercial and Islamic banks operating in the country to ensure the supply of basic commodities for all regions of Yemen. The Bank will provide all facilities for such imports, given their humanitarian urgency.