Riyal exchange rate stable, says central bank governor

Yemen Calls for Firm International Action Against Houthis

Foreign Minister Dr. Afrah al-Zouba has called for a firm international stance against the Houthi terrorist militias and concrete measures to implement relevant UN Security Council resolutions, particularly Resolution 2216.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/11 Time 07:33:49
Latest News:

Coalition Says Cruise Missile Intercepted Near King Khalid International Airport

Yemen Religious Scholars Condemn Houthi Attack on King Khalid International Airport in Riyadh

Rights Group: Houthi Siege of Taiz Worsens Suffering of 2.5 Million People

Council of Ministers Praises Armed Forces Heroic Fighting for Restoring State Institutions

Governor Issues Urgent National, Humanitarian Appeal to Lift Siege on Taiz

Riyal exchange rate stable, says central bank governor

[08/12/2018 12:41]

ADEN-SABA
Yemen's central bank said that the exchange rate of the national currency is stable as it had provided private food importers with lines of credit and an exchange rate of one dollar for the YR 440.

In a statement to Saba on Saturday, he said that the bank's foreign-exchange reserves amount to $2.7 billion, two billion of which is the Saudi deposit put in the bank's account in March 2018. "Of this amount only $356 million has been withdrawn," he said. He said the bank would continue to cover the letters of credit for importing basic commodities until the end of 2019.

He warned of the rumored news on exchange rate in the media, saying only the bank through this state-run news agency are the authentic source on such news.

Zemam also said the bank would take legal measures against money exchange firms involved in violating the set exchange rate or impacting it through the practice of currency speculation.