KSrelief signs MoU worth USD 9 million to support Yemen's Humanitarian Funding Fund
The King Salman Humanitarian Aid and Relief Center (KSrelief) signed on Monday with the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) a financial support memorandum worth nine million US dollars to support the Yemen Humanitarian Financing Fund.
Concert at Tsarevets Fortress in Veliko Tarnovo to Pay Tribute to Ennio Morricone
Popular film music by Ennio Morricone will be played by the Vratsa Symphony and Italian soloists on July 13 at the Tsarevets Fortress in Veliko Tarnovo, the Bulgarian news agency reported quoting the organizers on Tuesday.
Oil rebounds on likely drop of US stockpiles, and optimism regarding rate cuts
Oil prices recovered during early trading today, Wednesday, after three days of decline on reports of likely decline in US crude and fuel inventories last week, indicating stabilization in demand and with improved expectations related to lowering interest rates.
Spain knocks out France, qualifies for UEFA Euro 2024 final
Spain qualified for the final of the current edition of Euro 2024 by eliminating France 2-1 in the match that was held between them at the Allianz Arena.
User Name: Password:
Yemen central bank approves measures to address currency exchange rate disparities
[29/07/2021 02:23]
ADEN - SABA
Yemen's central bank , headquartered in the temporary capital Aden, announced today, that it has taken measures to address the disparities in the exchange rate of the riyal's value between the Houthi militia-controlled territories and liberated territories.

In a statement, the bank decided to pump big-size 1000 riyal banknotes to the market in all regions of the country and intensifying its circulation in the market and re-enforce its use in cash buying and selling transactions.

The Houthi militia last year banned the new smaller size 1000 riyal notes allowing only the old big size bills in their areas of control causing a split of the same currency in the country and devaluation of the value of the smaller size bills.

The central bank today also approved taking measures to reduce the size of cash supply and keep it at acceptable levels that are quantitatively compatible with the market need for it, based on studies prepared by the bank’s specialized experts, to reduce any inflationary effects, and its negative impact on the value of the local currency throughout the Yemeni market and various regions.

The measures will obligate banks and money exchange businesses in the near future to stop imposing arbitrary and unrealistic commissions for internal transfers between different regions of the country, on the grounds of price disparity between the new and old notes.


KSrelief signs MoU worth USD 9 million to support Yemen's Humanitarian Funding Fund
Leadership Council chairman receives UK Ambassador
Prime Minister chairs meeting for Joint Operations Authority
Yemen participates in meetings of WIPO assemblies
Minister Buhybeh discusses health issues with UNICEF Deputy Representative
Marib Deput Governor discusses with UN officials humanitarian situation
Foreign minister, Moroccan Chargé d'Affairs of discuss strengthening bilateral relations
Foreign Minister praises Canadian support to Yemen
UN envoy renews call to Houthi terrorist militia to release UN employees, relief workers
Maj. Gen. Al-Zubaidi, UK Ambassador discuss Yemen political and humanitarian developments

About Saba News Agency | Usage Agreement | Contact Us