Central bank begins affording foreign exchange to oil importers

Ambassador Mujawar Discusses Houthi Escalation with Swiss Official

Yemen’s Ambassador to Switzerland and Permanent Representative to the United Nations in Geneva, Dr. Ali Mujawar, discussed recent developments in Yemen and the repercussions of Houthi escalation with Ambassador Monica Schmutz Kirgöz, Head of the Middle East and North Africa Division at the Swiss Federal Department of Foreign Affairs.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/05 Time 04:27:45
Latest News:

National Coalition of Political Parties Salutes Armed Forces, Calls for Comprehensive Military Action ..

Four Civilians Killed, Nine Injured in Houthi Attack on Hayjat al-Abd Road South of Taiz

Ambassador Mujawar Discusses Houthi Escalation with Swiss Official

Armed Forces Recapture Al-Khazzan Hill in West Taiz

Houthi Ballistic Missile Hits Restaurant West of Taiz, Causing Civilian Casualties

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.