Riyal exchange rate stable, says central bank governor

Minister of Foreign Affairs arrives in Cairo to participate in Aswan Forum for Peace

Minister of Foreign and Expatriate Affairs, Dr. Shaya Zindani arrived today in the Egyptian capital, Cairo, to participate in the work of the Aswan Forum for Peace and Sustainable Development in its fifth edition, which is hosted by the Arab Republic of Egypt.

BTA Presents English edition of Anniversary Book, honours former directors general Panayot Denev, Ivo Indzhev

The Bulgarian News Agency (BTA) presented on Wednesday the English-language edition of 125 Years Bulgarian News Agency. The Real News: Stories On File 1989–2023 at its National Press Club in Sofia.

Chinese Central Bank conducts direct reverse repurchase operation worth 600 billion yuan

The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.

Ghana qualifies for the 2026 World Cup

Ghana qualified for the 2026 World Cup after defeating Comoros 1-0 in the African qualifiers.

Last Update: ، 2025/10/18 Time 03:44:29
Latest News:

Vice Foreign Minister calls for supporting government to protect navigation in the Red Sea

Ambassadors of countries sponsoring political process in Yemen issued statement on meeting with the Prime ..

Coast Guard Chief discusses with commanders of French, EU forces joint cooperation

FM praises Germany's, EU's significant support for Yemen

Vice Foreign Minister discusses Italian Special Envoy for Yemen strengthening bilateral relations

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 "Of this amount only $356 million has been withdrawn," he said.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.