EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates
The European Union mission in Yemen announced the conclusion of the final phase of the joint program to enhance resilience in rural areas of Yemen, which has benefited more than 2.3 million people in eight governorates.
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.
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:
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.



Foreign Minister Meets with Outgoing Mexican Ambassador
Ministry of Agriculture Signs MoU with Q Sun Foundation to Enhance Media Capacity
Yemen and South Korea Strengthen Bilateral Relations
Hadhramout Governorate and UNOPS Discuss Vital Sector Interventions
President al-Alimi meets with Mahra local authority leadership
FM Receives Copy of Georgian Ambassador's Credentials
FM Meets WFP Official to Discuss Humanitarian Efforts
Yemenia Airways Opens Doha Office in Preparation for Resuming Flights
Japan Provides $2 Million in Food Assistance to Yemen
US Denounces Houthi Terror Attack in the Red Sea

About Saba News Agency | Usage Agreement | Contact Us