Central bank launches measures to stabilize Riyal exchange rate

President al-Alimi: Time of Cost-Free Attacks Over, International Community Must Support Government to Remove Menace

His Excellency President Dr. Rashad a-Alimi, Chairman of the Presidential Leadership Council (PLC) confirmed that the recent escalation by the Houthi terrorist militias represents a new test of the international community's seriousness in protecting the peace opportunities that the Yemeni government and friendly countries have invested in over the years.

Helicopter Crashes While Fighting Wildfire in Utah

A helicopter crashed Saturday while taking part in firefighting efforts against a large wildfire in the U.S. state of Utah, with no immediate information available on the condition of the two people aboard.

Gold Edges Higher Ahead of U.S. Jobs Data

Gold prices edged higher on Tuesday as investors awaited a series of U.S. labor market reports for fresh signals on the future path of U.S. interest rates.

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: ، 2026/08/11 Time 08:09:53
Latest News:

President al-Alimi: Time of Cost-Free Attacks Over, International Community Must Support Government to ..

Yemeni Ambassador, West Java Deputy Governor Seek Broader Economic and Educational Ties

Al-Arada Calls for Crackdown on Houthi Smuggling Networks

Health Minister, Doctors of the World Discuss Expanding Cooperation

Yemeni Ambassador, Turkish Migration Chief Discuss Yemeni Community

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.