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2026/09/04
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11:35:56
Latest News:
Yemen, Djibouti Discuss Strengthening Bilateral Relations, Maritime Security
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Latest News:
Yemen, Djibouti Discuss Strengthening Bilateral Relations, Maritime Security
President al-Alimi: New Saudi Support for Yemen’s Central Bank will Boost Reform Efforts
Minister of Interior, Acting American Ambassador Discuss security Cooperation
Minister of Planning Seeks Further Yemeni-French Cooperation
Armed Forces Down Three Houthi Drones as Fierce Clashes Erupt West of Taiz
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 -
Djiboutian President Reiterates Support for Yemen's Unity, Sovereignty, Territorial Integrity
Yemen, Djibouti Discuss Strengthening Bilateral Relations, Maritime Security
President al-Alimi: New Saudi Support for Yemen’s Central Bank will Boost Reform Efforts
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