PM urges CYB's active intervention to maintain national currency exchange rate

PM highly appreciates Saudi significant support for Yemen

The Prime Minister Salem bin Braik expressed deep gratitude and appreciation to the Kingdom of Saudi Arabia led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the Crown Prince, Prime Minister His Royal Highness Prince Mohammed bin Salman, as well as to the Saudi government and people for their generous support provided to Yemen and its people in various fields through strategic projects that have contributed toward enhancing services and development sectors, particularly the health sector.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

Emirati economy grows 5.3 percent in non-oil businesses

The real GDP of the United Arab Emirates (UAE) recorded a growth of 3.9 percent, reaching 455 billion dirhams in the first quarter of 2025, compared to the same period in 2024.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/09/07 Time 09:34:57
Latest News:

Defense Minister Commends Supreme Military Committee's Role in Unifying Armed Forces

Al-Aradah Calls for Increased Humanitarian and Development Support from Japan

Ministry of Industry and Trade Strengthens Partnership with Private Sector to Enhance Market Stability

Aden Economic Conference Takes Shape: Key Stakeholders Meet to Discuss Plans

Deputy Minister of Planning Meets with UN Officials to Address Malnutrition Crisis

PM urges CYB's active intervention to maintain national currency exchange rate

[24/01/2020 12:18]

ADEN-SABA
Prime Minister Dr. Ma'een Abdulmalik stressed the need for effective intervention by the Central Bank of Yemen (CBY) to maintain the exchange rate of the national currency and enhance monitoring on the exchange companies.

His statement came as he presided over a meeting on Thursday of the board of directors of the CBY held in the interim capital Aden.

The session aimed to discuss necessary measures to maintain the exchange rate of the Yemeni Rial (YR) and deal with the Houthi rebel militia's illegal measures by banning dealing with the newly issued national currency banknotes.
Dr. Ma'een underlined the need to join efforts in order to manage the economic hardship the country has been struggling with.

The governor of the CBY touched upon the positive impacts of getting the approval to withdraw from the Saudi deposit the payments no (33,34, 35) with total amount $227 million to cover the request of commercial and Islamic banks around the country to import the basic commodity.