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2025/04/30
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Latest News:
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Latest News:
Marib local authority discusses difficult conditions with Humanitarian Coordinator
Al-Aradah discusses latest developments with Dutch Ambassador
President al-Alimi praises Dutch contribution to development drive
Hadramout Governor, Chinese Ambassador discuss development efforts
Yemeni Ambassador to Japan, Accept International Discuss Humanitarian Cooperation
Yemen central bank lifts interest rate on CDs to 27%
[19/09/2018 12:25]
ADEN-SABA
Yemen's Central Bank has lifted interest rate on certificates of deposit to 27 percent to set a limit to the continued depreciation of the national currency, the Riyal.
The dollar has climbed to more than 600 Riyals up from 215 Riyals during the ongoing war which was triggered by the Houthi militia's military coup in September 2014.
The bank also increased the interest rates on government bonds to 17 percent.
Yemen's Central Bank has lifted interest rate on certificates of deposit to 27 percent to set a limit to the continued depreciation of the national currency, the Riyal.
The dollar has climbed to more than 600 Riyals up from 215 Riyals during the ongoing war which was triggered by the Houthi militia's military coup in September 2014.
The bank also increased the interest rates on government bonds to 17 percent.
Key words:
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