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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.


Inspector General of Armed Forces Discusses Latest Developments with EU and Dutch Ambassadors to Discuss Latest
Central Bank Board Approves Measures to Strengthen Financial and Monetary Stability
West Asia Journalists Union Condemns Killing of Yemeni Journalist Mohammed Aidha
Minister of Planning Discusses Strengthening Partnership, Supporting Development Sectors with Save the Children Country Director
Republican Decree Forming Supreme Tender, Auction Committee Issued
Republican Decree for Establishing General Authority for War Wounded Affairs Issued
Aden Governor Discusses Humanitarian Interventions and Sustainable Development Projects with OCHA
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