Vice Foreign Minister meets with Acting U.S. Treasury Assistant Secretary
Vice Foreign Minister Mustafa Noman met Tuesday here with the Acting USTreasury Assistant Secretary Anna Morris.
Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured
The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.
Oil prices fall to $65.61 a barrel
Crude oil prices fell in early Asian trading today, Tuesday, as investors' expectations of demand growth eased due to ongoing trade tensions between the United States and China.
Barcelona Wins UEFA Youth League
The Spanish team, Barcelona, won the UEFA Youth League title after a resounding 4-1 victory over Trabzonspor in the final.
User Name: Password:
CBY announces direct intervention to redress YR value against foreign currencies
[09/08/2018 06:07]

ADEN-SABA
The Central Bank of Yemen (CBY) announced Thursday direct intervention to adjust the value of Yemeni Rial (YR) against the foreign currencies after speculations in currency exchange market resulted in unprecedented fall down of the national currency.

The CBY had decided to offer batches of foreign currencies to meet the needs of domestic market for foreign currency, specifically to meet the demands of commercial sector in order to stop speculation activities and help ensuring prices stability.

The CBY has asserted that its direct intervention comes in the framework of its overall plan for adjusting monetary policies and activating its tools.

The CBY also has made clear that it decided to keep its direct intervention in place and develop the mechanism of this intervention until foreign exchange rates return to realistic levels.


Hadramout Governor, Chinese Ambassador discuss development efforts
Central Bank of Yemen to Hold Foreign Currency Auction
Yemeni Interior Ministry and INSO Discuss Cooperation
Dr. Abdullah al-Alimi receives Ambassador of Royal Netherlands
Presidential Leadership Council Chairman Meets with EU Ambassadors
Ambassador Bahah, Egyptian Assistant Foreign Minister Discus Bilateral Relations
Ministry of Sports Signs Agreement with Helpcode Italy to Promote Social Inclusion through Sports
President al-Alimi receives U.S. Ambassador
President al-Alimi Receives French Ambassador
Health Ministry Celebrates World Malaria Day with Call to Action for Elimination

About Saba News Agency | Usage Agreement | Contact Us