CBY announces direct intervention to redress YR value against foreign currencies

Presidential Leadership Council Member Dr. Abdullah al-Alimi Receives Chargé d’Affaires of Chinese Embassy

Member of the Presidential Leadership Council, Dr. Abdullah al-Alimi received Wednesday Chargé d’Affaires of the Embassy of the People’s Republic of China to Yemen Zhao Zheng.

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).

Japan's LNG imports down 1.4 percent

Japan's liquefied natural gas (LNG) imports fell 1.4 percent to 64.98 million tons last year 2025, compared to 2024. according to provisional data released by the Japanese Ministry of Finance today, Thursday.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/01/29 Time 08:00:45
Latest News:

Deputy Minister of Education: Yemen Faces Dangerous Learning Loss Crises

Leadership Council Member Abdullah Al-Alimi Discusses Yemen Developments with French Ambassador

Minister Buhaybeh Discusses Strengthening Support for Health Sector with Dutch Ambassador

UNSC to End Mandate of UN Mission Supporting Hodeidah Agreement by End of March

Presidential Leadership Council Member al-Subaihi praises Germany's support for Yemen

CBY announces direct intervention to redress YR value against foreign currencies

[09/08/2018 06:07]

ADEN-SABA
The Central Bank of Yemen (CBY) announced Thursday direct intervention to adjust the value of Yemeni Rial (YR) against the foreign currencies after speculations in currency exchange market resulted in unprecedented fall down of the national currency.

The CBY had decided to offer batches of foreign currencies to meet the needs of domestic market for foreign currency, specifically to meet the demands of commercial sector in order to stop speculation activities and help ensuring prices stability.

The CBY has asserted that its direct intervention comes in the framework of its overall plan for adjusting monetary policies and activating its tools.

The CBY also has made clear that it decided to keep its direct intervention in place and develop the mechanism of this intervention until foreign exchange rates return to realistic levels.