Yemen's Shura Council Welcomes Dissolution of Southern Transitional Council
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Last Update: ،
2026/01/10
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07:47:33
Latest News:
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Latest News:
Yemen and 22 Arab, Islamic, and African Countries Condemn Israeli Official's Visit to Somaliland
KSrelief Signs Agreements to Operate Prosthetic Centers in Yemen
Decree of Chairman of Leadership Council to sack Minister Defense , refer him to retirement
Al-Mahrami, US Ambassador discuss joint cooperation, partnership
Ambassador Balfagih Discusses Strengthening Bilateral Relations with Indonesian Foreign Minister
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 -
Yemen's Shura Council Welcomes Dissolution of Southern Transitional Council
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