Central bank begins affording foreign exchange to oil importers

Masam Destroys 4,100 Explosive Devices in Bab Al-Mandab

The Yemen Mine Action Project "Masam" announced the destruction of 4,100 explosive devices, including landmines, unexploded ordnance, and war remnants, in Bab Al-Mandab area of Taiz governorate.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/20 Time 11:41:41
Latest News:

Minister Al-Zaouri Discusses Enhanced Cooperation with UNHCR on Protection Initiatives

Ambassador Bahumayd Discusses Enhanced Cooperation with Malaysian Foreign Ministry Official

Health Minister Launches Workshop on Women's Development Strategy in Healthcare Sector

President al-Alimi praises Germany's support for Yemen

Minister of Water discusses with Japanese Ambassador coordination of positions in the “CITES” Convention ..

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.