CBY announces direct intervention to redress YR value against foreign currencies

Central Bank Governor discusses support for economic stability with Dutch Ambassador

Governor of the Central Bank of Yemen Ahmed Ghaleb discussed on Wednesday with the Ambassador of the Kingdom of the Netherlands Jeannette Seppen and her accompanying delegation bilateral cooperation and support for the Central Bank of Yemen in carrying out its duties and strengthening its role in achieving economic stability.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/09 Time 11:51:39
Latest News:

Aden Governor discusses enhancing development, service cooperation with Dutch Ambassador

Minister of Human Rights looks for Dutch support

Minister of Planning seeks further cooperation with IsDB

Houthi sniper shoots one more civilian dead in Taiz city

Member P L C Mahmoud al-Subaihi, receives UN Envoy

CBY announces direct intervention to redress YR value against foreign currencies

[09/08/2018 06:07]

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.