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2024/11/21
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Latest News:
PM receives Chinese Chargé d'Affaires to Yemen
PM, UNOPS discuss projects in basic services
Leadership Council member al-Zubaidi, Spanish Ambassador discuss ways to promote bilateral relations
FM reviews Yemeni and regional developments in meeting with French Ambassador
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Latest News:
PM receives Chinese Chargé d'Affaires to Yemen
PM, UNOPS discuss projects in basic services
Leadership Council member al-Zubaidi, Spanish Ambassador discuss ways to promote bilateral relations
FM reviews Yemeni and regional developments in meeting with French Ambassador
Maj. Gen. al-Zubaidi: No peace in the region while Houthi terrorism persists in land and sea
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.
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.
Key words:
preferential - facilitating - proceedings - speculation - transferred - regulations - commercial - importers - mechanism - Importers -
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Leadership Council member al-Zubaidi, Spanish Ambassador discuss ways to promote bilateral relations
FM reviews Yemeni and regional developments in meeting with French Ambassador
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