Central bank to announceinterest rate rise within hours

Deputy Speaker of Shura Council Meets Chinese Chargé d'Affaires

Deputy Speaker of Shura Council, Dr. Abdullah Abu Ghayth, met with China's Chargé d'Affaires to Yemen, Zhao Zheng, to discuss mutual interests and ways to enhance bilateral relations between the two friendly countries.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/15 Time 06:10:26
Latest News:

Fourth Phase of Artificial Joint Implant Project Concludes at Marib Hospital

Yemen Participates in 12th Arab Constitutional Courts Union Meeting in Rabat

Ambassador Al-Manhali Meets UAE Deputy Minister of Defense.

Minister of Water Discusses Support for Adaptation Projects in Yemen with Green Climate Fund

Prime Minister Witnesses Signing Memorandum of Understanding to Implement Power Projects in Yemen

Central bank to announceinterest rate rise within hours

[17/09/2018 04:30]

ADEN-SABA
The central bank will announce a rise of interest rate within the coming hours to increase the demand for and, by extension, the value of the national currency, Riyal.

The planned rise was unveiled in a meeting held (in Aden on Monday) by the national Economic Committee composed recently of experts from the central bank and finance ministryfollowing the depreciation of the Riyalearly this month to more than 600 versus the US dollar down from 550 in the month before.

Bin-Daghr directed the finance ministry and the central bank to arrange $ 10 million to cover the Yemen oil company's needed funds to procure oil products.

He also ordered the central bank to maintain a daily exchange rate bulletin on the real average market value of the Riyal.