President al-Alimi praises Saudi leadership's position to alleviate Yemeni people's suffering
Chairman of the Presidential Leadership Council Dr. Rashad al-Alimi, on behalf of himself, the Council members, and the Government, reiterated thanks and appreciation to the brothers in the Kingdom of Saudi Arabia.
Makkah: Authorities says Circumambulation Track ready to receive pilgrims
The General Authority in Charge of the Affairs of the Grand Mosque and the Prophet's Mosque has stressed the readiness of the Mataf (Circumambulation Track) area to receive pilgrims to the Holy House of God, during this year’s Hajj 1445 AH, amid organizational plans and quality services provided to the guests of God.
Egypt announces about establishing a firm to produce a million ton of phosphate annually at a cost of $ 250 million
The Arab Republic of Egypt announced on Tuesday the establishment of a corporation to maximize the added value of low-concentration phosphate ores and produce one million tons per year of crude at a total cost of 250 million US dollars.
Portuguese national team wins 3-0 over Irish counterpart in preparations for Euro 2024 competitions
The Portuguese national team defeated its Irish guest with three clean goals in the friendly match that brought them together as part of the preparations for Euro 2024 competitions, which Germany will host tomorrow, Friday.
User Name: Password:
The Economic Committee endorses measures to maintain exchange rates
[26/09/2018 02:49]

RIAYDH-SABA
The Committee tasked with fixing the national economy held a meeting Wednesday presided over by the Prime Minister Dr Ahmed Obeid Bin-Dhager.

The meeting devoted to discuss the unjustified implications of the national currency exchange rates against foreign currencies as a result of speculations in the exchange rates, besides other factors.

The meeting, which included the Finance Minister and the Governor of the Central Bank of Yemen (CBY), has approved several measures aimed to manage the consequences of the increasingly growing exchange rates against the value of the national currency.

Most important measure is that the CBY is going to open billing credits which traders submit to the commercial banks during the current month September and next month October on the basis of averages exchange rates of monetary market by the banks and exchange business companies far from speculation as follow:

-Offering exchangers services to cover the billing credits at exchange rate 558 YR (Yemeni Rial) for $1.
-Ending procedures of verifying the credits and making the decision of acceptance of rejection within three days only.

The meeting urge all traders to get the necessary financial services to import the commodities from the banks to benefit from this decision and to maintain the stability of the national economy, and to reduce pressure upon currency market and stop speculation.

The Prime Minister stated that the government is working its own best within its capacities to maintain the national currency value and stability. He also urged the security apparatuses to deal firmly with the exchange companies which proved lawbreakers.



Three citizens injured by Houthi militia's landmines in at al-Qasr crossroad in Taiz
Tariq Saleh discusses with chief of Coast Guard enhancing maritime security
Yemeni government renews demand for the UN and int'l agencies to move headquarters to Aden
UN Secretary General calls on Houthi militia to free UN employees immediately
Taiz Dep. Governor discusses with Mercy Corps development interventions
President al-Alimi outlines requirements to move to joint national action
Republic of Yemen welcomes Security Council adoption of US resolution calling for ceasefire in Gaza
Over 15,000 children benefited from KSrelief's anti-measles vaccination drive
President al-Alimi congratulates President Putin on his country national day
US imposes new sanctions on Houthi terrorist militia

About Saba News Agency | Usage Agreement | Contact Us