Central bank begins affording foreign exchange to oil importers

President al-Alimi congratulated Tunisian President on Independence Anniversary

His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, sent Friday a congratulatory cable to His Excellency President Kais Saied, President of the Republic of Tunisia, on the occasion of his brotherly country’s Independence Anniversary.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/20 Time 11:47:22
Latest News:

Interior Minister inspects checkpoints in Aden on Eid day

President al-Alimi congratulates former presidents on Eid al-Fitr

President al-Alimi: Signs of victory clearly seen, partnership with SAK safe haven for entire region

Yemen Condemns Iranian Attacks Targeting Energy Facilities in Saudi Arabia and GCC States

President Al-Alimi Reviews Marib Situation Following Assassination Attempt

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.