CBY announces direct intervention to redress YR value against foreign currencies

Saudi Cabinet Condemns Houthi Allegations, Reaffirms Support for Yemen

Saudi Arabia's Cabinet has strongly condemned what it called baseless allegations and false accusations made by the Houthi militia, reaffirming the Kingdom's continued support for the Yemeni people and their internationally recognized government.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/21 Time 10:17:09
Latest News:

Bahrain Reaffirms Support for Yemen's Unity, Sovereignty

President al-Alimi: Houthi Militias-Controlled Regions Turned into Worst Place to Live on Earth

Health Minister, UNICEF Representative Discuss Expanding Support for Yemen's Health Sector

Yemen Calls on ICAO to Uphold International Aviation Law Following Airspace Violation

GCC Rejects Houthi Claims Against Saudi Arabia, Condemns Threats to Maritime Security

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.