Yemen central bank amends Riyal exchange rate against other currencies

President al-Alimi praises adherence of Shoura Council, political parties to references of transitional stage

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) praised the nationalistic and responsible stances of the Shoura Council and the National Coalition of the Political Parties (NCPP) which affirmed their categorical rejection of any unilateral measures that weaken state institutions or undermine the existing partnership among national forces battling the Iranian regime backed Houthi terrorist militias.

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).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/15 Time 09:48:35
Latest News:

Yemen Participates in 19th Meeting of CEDARE Board of Trustees in Virtual Session

Foreign Minister meets with Austria's Special Envoy

Maj. General al-Zubaidi briefed on health services in government-held governorates

Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects

Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable

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.