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2026/08/08
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Latest News:
Ministry of Health: Two Killed,14 Injured in Preliminary Toll of Houthi Shelling on Residential Neighborhoods, ..
Arab League Condemns Houthi Attacks on Armed Forces Positions
Marib Deputy Governor Lays Foundation Stone for Three Korean Funded Water Projects
CYB Signs MoU with UNDP
Minister of Social Affairs Discusses with WFP Joint Coordination
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 -
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