Yemen central bank amends Riyal exchange rate against other currencies

Deputy Speaker of Shura Council Meets Chinese Chargé d'Affaires

Deputy Speaker of Shura Council, Dr. Abdullah Abu Ghayth, met with China's Chargé d'Affaires to Yemen, Zhao Zheng, to discuss mutual interests and ways to enhance bilateral relations between the two friendly countries.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/15 Time 03:40:10
Latest News:

Fourth Phase of Artificial Joint Implant Project Concludes at Marib Hospital

Yemen Participates in 12th Arab Constitutional Courts Union Meeting in Rabat

Ambassador Al-Manhali Meets UAE Deputy Minister of Defense.

Minister of Water Discusses Support for Adaptation Projects in Yemen with Green Climate Fund

Prime Minister Witnesses Signing Memorandum of Understanding to Implement Power Projects in Yemen

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.