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2026/08/26
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Latest News:
Ambassador of Yemen to Washington: Strong Yemen, Capable of Securing One of the World’s Most Vital ..
Deputy Minister of Planning Discusses with WFP, UNICEF Enhancing Humanitarian, Nutritional Interventions
Prime Minister: Yemen Will Not Remain an Open Arena for a Cross-Border Project
Terrorist Houthi Militias Continue To Fire projectiles On Civilians In Taiz
Leadership Council Endorses Further Integrated Deterrence Measures, Avows Preparedness Of Armed Forces ..
Latest News:
Ambassador of Yemen to Washington: Strong Yemen, Capable of Securing One of the World’s Most Vital ..
Deputy Minister of Planning Discusses with WFP, UNICEF Enhancing Humanitarian, Nutritional Interventions
Prime Minister: Yemen Will Not Remain an Open Arena for a Cross-Border Project
Terrorist Houthi Militias Continue To Fire projectiles On Civilians In Taiz
Leadership Council Endorses Further Integrated Deterrence Measures, Avows Preparedness Of Armed Forces ..
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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