Yemen central bank amends Riyal exchange rate against other currencies

Minister of Planning highlights need for EU support for reforms program, developments projects

The Minister of Planning and International Cooperation Dr. Afrah al-Zouba discussed today, Tuesday, in the temporary capital Aden, with the Ambassador of the European Union (EU) to the Republic of Yemen Patrick Simonnet aspects of joint cooperation and partnership.

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.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

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: ، 2026/04/01 Time 05:39:25
Latest News:

Minister Al-Kaf Discusses Enhancing Cooperation in Electricity, Energy with EU Ambassador

Yemenia resumes its flights from Aden to Amman

Al-Muharrami discusses latest Developments, Counterterrorism Efforts with US Ambassador

Al-Sharjabi discusses with FAO partnership in water, environment

Prime Minister Affirms Importance of Partnership with European Union

Yemen central bank amends Riyal exchange rate against other currencies

[05/11/2018 12:52]

ADEN -SABA
Yemen's central bank announced on Sunday the amendment of the exchange rate of the Yemeni Riyal (YR) to YR 570 against the dollar and proportionally against other hard currencies to cover the import ofbasic commodities and the cash needs of Yemeni patients seeking to travel abroad for treatment.

In a press release received by Saba,the bank is making use of the Saudi financial deposit and latest ($200 mln) financial grantto make this amendment, after months of devaluation that plunged the YR to more than 700 against the US dollar.

The exchange rate amendments announced will take effect from November 5.

The bank said it is following a flexible policy in currency rates to be close to the real prices of the market by 10 to 15 points.

The bank called on all commercial and Islamic banks operating in the country to ensure the supply of basic commodities for all regions of Yemen. The Bank will provide all facilities for such imports, given their humanitarian urgency.