Baggash Seeks Vietnamese Academic Cooperation
The Undersecretary of the Ministry of Foreign Affairs and Expatriates for Politcal Affairs Dr. Mansour Baggash held discussions today, Friday, with the Vietnamese Deputy Minister of Education and Training Nguyen Van Phuc over bilateral cooperation in the field of the academic, education and training.
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.
Italian GDP rises 0.3 percent
The Bank of Italy (the central bank) announced that the country's GDP grew by 0.3 percent in the first quarter of 2025 compared to the previous quarter, driven by an increase in consumption and investment, in addition to limited American demand.
Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
User Name: Password:
Yemen central bank approves measures to address currency exchange rate disparities
[29/07/2021 02:23]
ADEN - SABA
Yemen's central bank , headquartered in the temporary capital Aden, announced today, that it has taken measures to address the disparities in the exchange rate of the riyal's value between the Houthi militia-controlled territories and liberated territories.

In a statement, the bank decided to pump big-size 1000 riyal banknotes to the market in all regions of the country and intensifying its circulation in the market and re-enforce its use in cash buying and selling transactions.

The Houthi militia last year banned the new smaller size 1000 riyal notes allowing only the old big size bills in their areas of control causing a split of the same currency in the country and devaluation of the value of the smaller size bills.

The central bank today also approved taking measures to reduce the size of cash supply and keep it at acceptable levels that are quantitatively compatible with the market need for it, based on studies prepared by the bank’s specialized experts, to reduce any inflationary effects, and its negative impact on the value of the local currency throughout the Yemeni market and various regions.

The measures will obligate banks and money exchange businesses in the near future to stop imposing arbitrary and unrealistic commissions for internal transfers between different regions of the country, on the grounds of price disparity between the new and old notes.


Yemen's Ambassadors to Czech Republic, Indonesia swear-in before President al-Alimi
Yemen and Vietnam Sign Memorandum of Understanding to Enhance Bilateral Cooperation
Judge Sahl Hamza swears-in before President al-Alimi
Cabinet Discusses Economic and Financial Developments, and Efforts to Foil Houthi Plots
Al-Maharami discusses ways to enhance bilateral relations with Japanese Ambassador
Yemen's Presidential Council Member Meets with French Ambassador to Discuss Political and Economic Developments
Human Rights Ministry Launches National Campaign to Prevent Child Soldier Recruitment
Ba'akr, Syrian official discuss promoting bilateral cooperation
Governor of Central Bank discusses financial, economic developments with Japanese Ambassador
President al-Alimi Receives Credentials of Japanese, Sudanese, Vietnamese Ambassadors

About Saba News Agency | Usage Agreement | Contact Us