Central bank begins affording foreign exchange to oil importers

Eryani discusses with AEI officials Yemen situation and challenges posed by Houthi terror militia

Minister of Information, Culture and Tourism Muammar al-Eryani has met with officials from the American Enterprise Institute to discuss the situation in Yemen and the challenges posed by the terrorist Houthi militia.

Saudi and Turkish foreign ministers discuss promoting bilateral relations between the two countries

Saudi Foreign Minister Prince Faisal bin Farhan discussed with the Turkish Foreign Minister Hakan Fidan the bilateral relations between the two countries and ways to promote them.

Germany, Canada reiterate opposition to US tariffs.

Germany and Canada renewed today, Tuesday, their opposition to the tariffs that the new US administration began imposing on imports from abroad.

Saudi Al-Nasr beats UAE's Al-Wasl 4-0 in AFC Champions League Elite

Saudi Al-Nasr beat its guest, UAE's Al-Wasl, 4-0 in the match that brought them together at Al-Awal Park Stadium in Riyadh, as part of the seventh round of the AFC Champions League Elite 2024-2025.

Last Update: ، 2025/02/05 Time 05:55:54
Latest News:

Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks

Taiz Governor discusses preparations for 2025 fiscal year budget

Mahra Senior officials seek greater intervention by UNDP in fishery

Interior Minister Lauds Security Services' Efforts in Hadhramaut Valley

SPDRY participates in the 22nd meeting of Joint Technical Committee to identify Yemen's development needs ..

Central bank begins affording foreign exchange to oil importers

[28/09/2020 02:49]

ADEN-SABA
The central bank in the temporary capital Aden today began facilitating access to foreign exchange for importers of petroleum products as part of new regulations to limit illegal speculation with the Riyal currency.

In a statement, the bank it began affording the exchange to “the first batch of petroleum products importers as per the mechanism the bank has recently adopted at a preferential exchange rate.” Importers, under the mechanism, are required to deposit their proceedings in commercial banks in Yemeni Riyal to be next transferred to the central bank, with a view to limiting illegal currency speculation and achieve a stability in exchange rate.