Yemen and Kenya Explore Ways to Strengthen Bilateral Ties
Yemen's Chargé d'Affaires in Nairobi, Abdulsalam Al-Awadhi, met with the Chief of Protocol at the Kenyan State Department, Severine Luyali, today to discuss enhancing bilateral relations between the two countries.
Massive 7.0 Magnitude Earthquake Strikes Alaska, USA
A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).
Gold Prices Stabilize as Investors Await Key US Data Release
Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.
CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco
The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.
Last Update: ،
2025/12/11
Time
01:38:36
Latest News:
Vice Foreign Minister Discusses Crisis with German Think Tank in Berlin
US Slams Houthi Militia's Ongoing Detaining of Embassy Staff
Ministry of Education, Saudi Program, UNESCO sign agreement worth $40 million to support education
Shura Council Reaffirms Absolute Rejection of Any Projects Outside the Framework of the State
Presidential Leadership Council Member al-Aradah Discusses Latest Developments with German Ambassador
Latest News:
Vice Foreign Minister Discusses Crisis with German Think Tank in Berlin
US Slams Houthi Militia's Ongoing Detaining of Embassy Staff
Ministry of Education, Saudi Program, UNESCO sign agreement worth $40 million to support education
Shura Council Reaffirms Absolute Rejection of Any Projects Outside the Framework of the State
Presidential Leadership Council Member al-Aradah Discusses Latest Developments with German Ambassador
Riyal exchange rate stable, says central bank governor
[08/12/2018 12:41]
ADEN-SABA
Yemen's central bank said that the exchange rate of the national currency is stable as it had provided private food importers with lines of credit and an exchange rate of one dollar for the YR 440.
In a statement to Saba on Saturday, he said that the bank's foreign-exchange reserves amount to $2.7 billion, two billion of which is the Saudi deposit put in the bank's account in March 2018. "Of this amount only $356 million has been withdrawn," he said. He said the bank would continue to cover the letters of credit for importing basic commodities until the end of 2019.
He warned of the rumored news on exchange rate in the media, saying only the bank through this state-run news agency are the authentic source on such news.
Zemam also said the bank would take legal measures against money exchange firms involved in violating the set exchange rate or impacting it through the practice of currency speculation.
Yemen's central bank said that the exchange rate of the national currency is stable as it had provided private food importers with lines of credit and an exchange rate of one dollar for the YR 440.
In a statement to Saba on Saturday, he said that the bank's foreign-exchange reserves amount to $2.7 billion, two billion of which is the Saudi deposit put in the bank's account in March 2018. "Of this amount only $356 million has been withdrawn," he said. He said the bank would continue to cover the letters of credit for importing basic commodities until the end of 2019.
He warned of the rumored news on exchange rate in the media, saying only the bank through this state-run news agency are the authentic source on such news.
Zemam also said the bank would take legal measures against money exchange firms involved in violating the set exchange rate or impacting it through the practice of currency speculation.
Key words:
SABA Yemen's - commodities - speculation - importing - statement - Zemam - importers - authentic - withdrawn - violating -
Al-Mahrami: Culture of tolerance must be promoted
Vice Foreign Minister Discusses Crisis with German Think Tank in Berlin
US Slams Houthi Militia's Ongoing Detaining of Embassy Staff
Ministry of Education, Saudi Program, UNESCO sign agreement worth $40 million to support education
Leadership Council Member Al-Arada Chairs Meeting with Senior Security Officials
Vice FM Meets Number of German Organisations
Yemen Political Parties Reject Unilateral Actions in Shabwa, Hadramout, and Mahra
UNESCO Adds Hadrami Dan to Intangible Cultural Heritage List
Foreign Minister Zindani Meets with UN Special Envoy
Al-Mahrami urges doubling down efforts to maintain oil derivatives supplies 
