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Last Update: ، 2018/10/23 Time 08:54:29
Yemen's Ambassador to Riayadh meets Amir Najran
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Latest News:
Issues of Yemeni students abroad discussed
Yemen's Ambassador to Riayadh meets Amir Najran
KSrelief Center gives out 4300 baskets food in Al-Dale'a province
Chief of Staff holds meeting included senior commanders
Basoheib, OCHA Director discuss coordination between govt. and humanitarian agencies
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CBY announces direct intervention to redress YR value against foreign currencies
[09/08/2018 09:07]

ADEN-SABA
The Central Bank of Yemen (CBY) announced Thursday direct intervention to adjust the value of Yemeni Rial (YR) against the foreign currencies after speculations in currency exchange market resulted in unprecedented fall down of the national currency.

The CBY had decided to offer batches of foreign currencies to meet the needs of domestic market for foreign currency, specifically to meet the demands of commercial sector in order to stop speculation activities and help ensuring prices stability.

The CBY has asserted that its direct intervention comes in the framework of its overall plan for adjusting monetary policies and activating its tools.

The CBY also has made clear that it decided to keep its direct intervention in place and develop the mechanism of this intervention until foreign exchange rates return to realistic levels.



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Beaking News
Issues of Yemeni students abroad discussed

Yemen's Ambassador to Riayadh meets Amir Najran

KSrelief Center gives out 4300 baskets food in Al-Dale'a province

Chief of Staff holds meeting included senior commanders

Basoheib, OCHA Director discuss coordination between govt. and humanitarian agencies

Moroccan-Yemeni Association to activated

Psychology Doctorate Program launched in Aden University's College of Education

Yemen praises Chinese's position supporting political process

Yemeni-Sudanese cooperation in higher education discussed

Cooperation between agriculture ministry, Aden Customs discussed



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