Riyal exchange rate stable, says central bank governor

President al-Alimi calls for collective Arab-Islamic measures to curb expansionist policies in the region

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council PLC) called for espousing a comprehensive Arab and Islamic approach to act jointly, and collective measures to curb Israeli expansionist policies and illusions of regional dominance.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

Austrian central bank expects 0.3 percent growth in 2025

The Austrian Central Bank expects the local economy to record a slight growth in GDP of 0.3 percent for the current year 2025, thus avoiding entering a third year of recession, following stronger than expected economic performance in the first half of the year.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/09/15 Time 11:51:15
Latest News:

Emergency Arab-Islamic Summit Kicks Off in Doha

Leadership Council Chairman arrives in Doha to participate in Arab-Islamic Summit

Yemen Ambassador Meets Algerian Official to Boost Bilateral Ties

Report: Houthi militias blamed for some 21 thousand violations against Yemen children in 10 years

Yemenia Airways operates its first flights to Ataq Airport in Shabwa governorate

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 "Of this amount only $356 million has been withdrawn," he said.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