Yemen central bank amends Riyal exchange rate against other currencies

Al-Subaihi confers with Russian Ambassador over bilateral relations

The Member of the Presidential Leadership Council (PLC) Lieutenant General (Lt Gen) Mahmoud al-Subaihi met today, Wednesday, with the Russian Federation Ambassador to the Republic of Yemen EVGENY KUDROV.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

S. Korea's exports rise 33.9 percent in January

South Korea's exports jumped 33.9 percent year-on-year to reach $65.85 billion in January, driven by strong demand for semiconductors.

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: ، 2026/02/04 Time 01:56:07
Latest News:

Governor of Aden discusses with civil society organizations enhancing security, supporting development ..

Yemenia launches Jeddah-Socotra line to enhance air connectivity، stimulate tourism

Presidential Leadership Council member Salem al-Khanbashi meets with UN Special Envoy's Office officials

Taiz Deputy Governor Reviews Yemen Support Fund Interventions with Chemonics UK

Amb. al-Ashbi meets with Pakistani Deputy Foreign Minister

Yemen central bank amends Riyal exchange rate against other currencies

[05/11/2018 12:52]

ADEN -SABA
Yemen's central bank announced on Sunday the amendment of the exchange rate of the Yemeni Riyal (YR) to YR 570 against the dollar and proportionally against other hard currencies to cover the import ofbasic commodities and the cash needs of Yemeni patients seeking to travel abroad for treatment.

In a press release received by Saba,the bank is making use of the Saudi financial deposit and latest ($200 mln) financial grantto make this amendment, after months of devaluation that plunged the YR to more than 700 against the US dollar.

The exchange rate amendments announced will take effect from November 5.

The bank said it is following a flexible policy in currency rates to be close to the real prices of the market by 10 to 15 points.

The bank called on all commercial and Islamic banks operating in the country to ensure the supply of basic commodities for all regions of Yemen. The Bank will provide all facilities for such imports, given their humanitarian urgency.