Central bank begins affording foreign exchange to oil importers

Britain Welcomes President’s Call to Hold Conference for Southern Components, Renews Support for Yemen’s

The UK Minister of State for the Middle East and North Africa, Hamish Falconer has welcomed the call by His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, to convene a comprehensive conference for the southern components.

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).

Turkey's exports to neighboring countries exceed $28 billion in 2025

Turkey's revenues from exports to neighboring countries made $28.352 billion in 2025, marking an increase of 4.6% compared to 2024, when they amounted to $27.092 billion.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/07 Time 09:49:53
Latest News:

United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh

France Affirms Commitment to Yemen’s Unity, Welcomes President’s Initiative to Convene Conference ..

Chairman of Shura Council Discusses Developments in Yemen with U.S. Ambassador

Leadership Council Member Meets U.S. Advisor and Ambassador

Saudi Cabinet Reaffirms Support for President al-Alimi’s Call for Southern Yemen Conference

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.