Riyal exchange rate stable, says central bank governor

Member of PLC al-Khanbashi Launches Yemeni Cultural Summit in Mukalla

Member of the Presidential Leadership Council Salem al-Khanbashi, the Governor of Hadramout, inaugurated the Yemeni Cultural Summit in Mukalla on Saturday and officially opened the Arts Zone project, implemented by the Hadramout Foundation for Culture with joint funding from the European Union, the British Council, and UNESCO.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/16 Time 03:03:05
Latest News:

Al-Khanbashi Reviews Preparations for Government-Local Partnership Conference and Fuel Supply in Hadramout

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, ..

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees in Yemen

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 "Of this amount only $356 million has been withdrawn," he said.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