Central bank to announceinterest rate rise within hours

Eryani: Iranian arms smuggled to Houthis now threaten international peace

Yemen's Minister of Information has said, "Iranian arms smuggled to the terrorist Houthi militia now pose a threat to international peace and interests of the entire world."

BRUSSELS: European Parliament Urges Lifting Schengen Land Border Controls for Bulgaria, Romania

The European Parliament (EP) on Wednesday called for lifting Schengen land border controls for Bulgaria and Romania by the end of 2024. Air and sea border controls were scrapped on March 31, 2024.

Chinese car sales surges 26.4 percent in the first quarter of 2024

Sales of passenger cars of Chinese brands increased by 26.4 percent year-on-year in the first quarter of 2024 as some 3.39 million vehicles were sold during the mentioned period.

Spain reaches the final of the European Nations League and sets a date with Croatia

The Spanish national team reached the final match of the European Nations League, after defeating Italy with two goals to one in the semi-finals of the tournament, to set a date in the final match with the Croatian national team, which succeeded in reaching the same role by defeating the Netherlands.

Last Update: ، 2024/04/20 Time 11:18:44
Latest News:

Yemen participates in tea road conference in China

President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas

Foreign Minister praises EU's supportive stances in support of Yemen

KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen

Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression

Central bank to announceinterest rate rise within hours

[17/09/2018 04:30]

ADEN-SABA
The central bank will announce a rise of interest rate within the coming hours to increase the demand for and, by extension, the value of the national currency, Riyal.

The planned rise was unveiled in a meeting held (in Aden on Monday) by the national Economic Committee composed recently of experts from the central bank and finance ministryfollowing the depreciation of the Riyalearly this month to more than 600 versus the US dollar down from 550 in the month before.

Bin-Daghr directed the finance ministry and the central bank to arrange $ 10 million to cover the Yemen oil company's needed funds to procure oil products.

He also ordered the central bank to maintain a daily exchange rate bulletin on the real average market value of the Riyal.