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2026/10/02
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Latest News:
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Latest News:
Dr. al-Alimi Confers with British Ambassador over Bilateral Cooperation
Cabinet Approves Executive Measures for Fulfilling General Mobilization, Appreciates Saudi Support
Yemen Ambassador Discusses with Jordanian Official Ways to Enhance Cooperation
President al-Alimi: Militias Started This War, But Armed Forces Will End It in Way Meets Aspirations ..
Heavy Fighting Erupts Across Taiz Fronts as Government Forces Inflict Losses on Houthis
Central bank launches measures to stabilize Riyal exchange rate
[10/09/2020 03:28]
ADEN - SABA
The Central Bank of Yemen has launched a set of measures to “remedy the irregularities in the foreign currency market which will lead to stabilizing the exchange rate of the national currency,” the bank said in a statement on Thursday.
The bank said the measures include the determination and enforcement of “mechanisms to regulate the demand on foreign currencies in the market, including the demand that has to do with covering the cost of fuel imports.”
Under the new mechanism, importers of fuel will deposit their daily sales cash in Yemeni Riyal to the commercial banks, while the central bank affords foreign cash for them.
Key words:
irregularities - determination - “mechanisms - enforcement - stabilizing - currencies - commercial - Under - SABA The - statement -
Foreign Minister Praises U.S. Support for Yemeni Government
Cabinet Approves Executive Measures for Fulfilling General Mobilization, Appreciates Saudi Support
President al-Alimi: Militias Started This War, But Armed Forces Will End It in Way Meets Aspirations of Yemeni People
Heavy Fighting Erupts Across Taiz Fronts as Government Forces Inflict Losses on Houthis
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