CBY announces providing private banks of foreign currency

Deputy Foreign Minister Discusses Strengthening Bilateral Cooperation with Chinese Chargé d’Affaires

Deputy Minister of Foreign Affairs for Financial and Administrative Affairs, Awsan Al-Aoud met Sunday with Zhao Cheng, the Chargé d’Affaires of the Embassy of the People’s Republic of China in Yemen.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

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.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/12/07 Time 10:36:35
Latest News:

President al-Alimi meets with French, British Ambassadors, U.S. Acting Ambassador

Leadership Council Member Dr. Abdullah al-Alimi appreciates Mauritanian support for Yemen

Presidential Leadership Council Member al-Arada chairs meeting of military commanders in Marib

Dr. Abdullah Al-Alimi meets with Qatri Prime Minister, Minister of Foreign Affairs

Minister of Health, Chinese Diplomat Discuss Strengthening Bilateral Cooperation

CBY announces providing private banks of foreign currency

[22/04/2019 08:40]

ADEN-SABA
The Central Bank of Yemen (CBY) has announced readiness to provide private and Islamic banks with foreign currency with a price of YR 506 for one USD or less.

"The Central Bank's foreign banking operation sector announces to all commercial and Islamic banks the bank is ready to sell them their need of foreign currency with the price of 506 YR for one USD or less … for covering credits and importing transfers to their clients and to all goods except basic goods financed by Saudi financial deposit and oil derivatives which has special prices," said the bank in a release on Monday.

The release confirmed that the central bank seeks to create stability in goods prices and services.

The bank called all merchants, businessmen and companies to deposit their funds to banks for making use of facilitations provided by the central bank and for protecting their trade and funds from currency speculation.