Central bank begins affording foreign exchange to oil importers

Ambassador Bahumaid discusses with Vietnamese Foreign Ministry official latest developments in Yemen

Non-resident Ambassador of Yemen to the Socialist Republic of Vietnam, Dr. Adel Bahumaid discussed Tuesday with the Deputy Director General of the Middle East and Africa Department at the Vietnamese Ministry of Foreign Affairs, Anjouin Anh Duc, the latest developments in the political and security situation in Yemen.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/20 Time 08:12:57
Latest News:

Meeting in Marib Discusses Enhancing the Impact of Humanitarian Interventions in the Agricultural Sector ..

Saudi Cabinet Follows Up on Efforts to End Yemen Crisis and Discusses Future of the Southern Issue

Prime Minister Discusses Bilateral Relations and Yemen's Developments with French Ambassador

Deputy Minister of Industry and Trade Discusses Export Development with International Partners

Al-Mahrami: We highly appreciate Germany's support for Yemen

Central bank begins affording foreign exchange to oil importers

[28/09/2020 02:49]

ADEN-SABA
The central bank in the temporary capital Aden today began facilitating access to foreign exchange for importers of petroleum products as part of new regulations to limit illegal speculation with the Riyal currency.

In a statement, the bank it began affording the exchange to “the first batch of petroleum products importers as per the mechanism the bank has recently adopted at a preferential exchange rate.” Importers, under the mechanism, are required to deposit their proceedings in commercial banks in Yemeni Riyal to be next transferred to the central bank, with a view to limiting illegal currency speculation and achieve a stability in exchange rate.