CBY announces providing private banks of foreign currency

President al-Alimi Hails Creating Multinational Naval Alliance, Highlights Saudi Support for Yemeni State Institutions, Regional Security, Stability

His Excellency Dr. Rashad Mohammed Al-Alimi, Chairman of the Presidential Leadership Council (PLC) underlined the announcement of the establishment of the Multinational Naval Defense Alliance led by Saudi Arabia, describing this move as a strategic initiative and a very important step to boost collective security, protect international navigation and secure vital sea routes in the Red Sea, the Gulf of Aden, and the Bab al-Mandab Strait.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/31 Time 06:14:13
Latest News:

Minister of Oil, German Ambassador Explore Investment Opportunities in Oil, Gas

President al-Alim Receives Credentials of Several New Ambassadors

Foreign Minister Discusses Strengthen Bilateral Relations with Kuwaiti Ambassador

Speaker of Shura Council Confers with EU Ambassador over Developments in Yemen

Health Ministry, UNFPA Review Reproductive Health Support

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.