Central bank begins affording foreign exchange to oil importers

Government team discussed with World Bank delegation ways to strengthen partnership expand development projects

A meeting held Monday chaired by Minister of Planning and International Cooperation and Yemen’s Governor to the World Bank Dr. Afrah al-Zouba and attended by a high-level World Bank delegation led by the Bank’s Vice President for the Middle East, North Africa, Afghanistan and Pakistan Ousmane Dione discussed ways to enhance partnership and expand support across development, humanitarian, service, and economic sectors in the country.

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: ، 2026/03/30 Time 08:28:52
Latest News:

Yemen Embassy Chargé d’Affaires discusses strengthening bilateral relations with South African official

Al-Subaihi stresses the need to double the provision of services to citizens in Abyan, tightening security

Al-Alimi praises Yemeni crowds expressing support for Saudi Arabia, Gulf states against Iranian aggression ..

Deputy Chief of Staff discusses with international expert child recruitment

Presidential Leadership Council member al-Subaihi receives Vice President of WB in Aden

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.