Riyal exchange rate stable, says central bank governor

Tariq Saleh discusses with French Ambassador efforts to stabilize, secure international navigation

Member of the Presidential Leadership Council Tariq Saleh received Tuesday Ambassador of the French Republic, Catherine Corm Cammoun.

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).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/21 Time 06:35:40
Latest News:

Ambassador Bahumaid discusses with Vietnamese Foreign Ministry official latest developments in Yemen

Meeting in Marib Discusses Enhancing the Impact of Humanitarian Interventions in the Agricultural Sector ..

Saudi Cabinet Follows Up on Efforts to End Yemen Crisis and Discusses Future of the Southern Issue

Prime Minister Discusses Bilateral Relations and Yemen's Developments with French Ambassador

Deputy Minister of Industry and Trade Discusses Export Development with International Partners

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 "Of this amount only $356 million has been withdrawn," he said.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.