PM urges CYB's active intervention to maintain national currency exchange rate

Prime Minister visits power stations in Aden, directs implementation of measures to increase generation

Prime Minister Salem Saleh Bin Breik conducted Sunday a field visit to several electricity generation stations in Aden to inspect their current conditions.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/06/15 Time 11:25:26
Latest News:

Newly Appointed Judges to Supreme Court Take Oath of Office

Health Minister Chairs Expanded Meeting of Medical Emergency Committee

Leadership Council Chairman Holds Phone Call with Djiboutian President

UN envoy calls on Security Council to exert maximum pressure on Houthis to release UN staff

Yemen Expresses Aspiration for Genuine and Sustainable Peace Based on Agreed upon References

PM urges CYB's active intervention to maintain national currency exchange rate

[24/01/2020 12:18]

ADEN-SABA
Prime Minister Dr. Ma'een Abdulmalik stressed the need for effective intervention by the Central Bank of Yemen (CBY) to maintain the exchange rate of the national currency and enhance monitoring on the exchange companies.

His statement came as he presided over a meeting on Thursday of the board of directors of the CBY held in the interim capital Aden.

The session aimed to discuss necessary measures to maintain the exchange rate of the Yemeni Rial (YR) and deal with the Houthi rebel militia's illegal measures by banning dealing with the newly issued national currency banknotes.
Dr. Ma'een underlined the need to join efforts in order to manage the economic hardship the country has been struggling with.

The governor of the CBY touched upon the positive impacts of getting the approval to withdraw from the Saudi deposit the payments no (33,34, 35) with total amount $227 million to cover the request of commercial and Islamic banks around the country to import the basic commodity.