Riyal exchange rate stable, says central bank governor

President al-Alimi Declares Military Operations to Restore State Institutions, Take Control Over Entire National Territory

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) and Commander –in-Chief of the Armed Forces, announced today, Sunday, the start of military operations to regain the remaining lands of the republic, which are under the militias control, and to extend state authority and its institutions over the entire national territory, affirming the shift from the preparation and preparedness phase to the liberation phase after exhausting all chances for calm.

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: ، 2026/10/04 Time 04:21:23
Latest News:

'MASAM' Removes 1,256 Houthi-Laid Landmines In Four Days

Houthi Militias Documented in 61 Violations in Taiz Over 24 Hours

Al-Muharrami Meets Prime Minister to Discuss Government Priorities

Yemen Takes Part in 63rd UN Human Rights Council Session in Geneva

Yemen Ambassador Meets French-Yemeni Friendship Group

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 "Of this amount only $356 million has been withdrawn," he said.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