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2025/12/25
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03:27:11
Latest News:
Arab League Secretary-General Welcomes Prisoner Swap Deal in Yemen
European Union Reaffirms Commitment to Yemen's Unity and Supports Presidential Leadership Council
Jordan Welcomes Prisoner Swap Agreement in Yemen
Foreign Ministry welcomes International Security Council statement about Yemen
President al-Alimi praises UN Security Council statement, affirms commitment to protect state legal ..
Latest News:
Arab League Secretary-General Welcomes Prisoner Swap Deal in Yemen
European Union Reaffirms Commitment to Yemen's Unity and Supports Presidential Leadership Council
Jordan Welcomes Prisoner Swap Agreement in Yemen
Foreign Ministry welcomes International Security Council statement about Yemen
President al-Alimi praises UN Security Council statement, affirms commitment to protect state legal ..
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 -
Presidential Council Member Urges International Community to Support Stability Efforts
Arab League Secretary-General Welcomes Prisoner Swap Deal in Yemen
European Union Reaffirms Commitment to Yemen's Unity and Supports Presidential Leadership Council
Jordan Welcomes Prisoner Swap Agreement in Yemen
Foreign Ministry welcomes International Security Council statement about Yemen
President al-Alimi praises UN Security Council statement, affirms commitment to protect state legal status
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