Exceptional efforts being exerted to stop Riyal decline, says Govt spokesman

President al-Alimi asks about Colleagues' Safety Following Houthi Missile Attack on Maashiq Palace

President Rashad Mohammed al-Alimi, the Chairman of Presidential Leadership Council, the Supreme Commander of the Armed Forces held phone calls on Thursday with Council members Lieutenant General Abdulrahman al-Muharrami and Lieutenant General Mahmoud al-Subaihi and Prime Minister Dr. Shaya Zindani to check on their safety and that of government members following a Houthi missile and drone attack on the presidential Maashiq Palace in the interim capital, Aden.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/15 Time 08:26:08
Latest News:

Houthi Terrorist Militias Fire 16 Ballistic Missiles, Projectiles on Residential Areas in Marib City ..

High Committee to Combat Smuggling Discuss Tightening Control over Entry Points

Minister of Human Rights Seeks Dutch Relief Coalition's Support for IDPs

Deputy Foreign Minister Praises Japanese Support for Yemen

Yemen Calls on Arab Countries to Designate Houthi Militias as Terrorist Organization

Exceptional efforts being exerted to stop Riyal decline, says Govt spokesman

[16/01/2018 02:24]

ADEN-SABA
The spokesman of the Yemeni government said on Monday that "the presidency, the Cabinet, the Central Bank and the other competent bodies of the state are exerting exceptional efforts to stop the unacceptable decline" of the Yemeni currency, Riyal.

The Riyal has been going a steady decline since the Houthi radical rebelsplunged Yemen into a devastating war in March 2015, but this month the Riyal dramatically plummeted to about $500 to the dollar, an all-time low.

Spokesman Rajeh Badi told the state-run news agency Saba the remedial measures being devised will be "effective"; they will include "intensifying communications" to expedite the placement of a Saudi pledged deposit in Yemen's Central Bank.

Badi said the coupist Houthis seized Yemen's foreign cash reserves, USD 5 billion before the coup d'état. They " also seized two trillion Yemeni Rials that was in the (Central Bank(," he said. He noted that the militia uses these amounts in currency speculations "which multiplies uncertainty and devalues the Yemeni Riyal."

Badi says that another cause of decline is what the government and international authorities have as an authenticated information - "the persistent counterfeiting of the Yemeni currency by Iranian agencies."