Riyal exchange rate stable, says central bank governor

Minister of Defense visits joint forces on the West Coast

Minister of Defense, Lieutenant General Mohsen Al-Daaeri, accompanied by the Chief of the General Staff - Commander of Joint Operations, Lieutenant General Sagheer bin Aziz, and the Commander of the Support Forces at the Arab Coalition, Major General Sultan Al-Baqami, carried out a field visit to inspect some units of the Joint Forces on the West Coast.

Secretary-General of the Arab League calls for assisting Yemenis

(Saba)- Secretary-General of the Arab League A hmed Aboul-Gheit on Monday appealed to the international community and humanitarian organizations to immediately provide assistance and relief to Yemenis.

AIRBUS announces € 4.2 billion net profits in 2022

The European Company for planes manufacturing (AIRBUS) announced that its net profits in 2022 came to € 4.2 billion, with an increase of 1 percent over 2021.

Argentina wins the 2022 World Cup after defeating France

The Argentine national team was crowned champion of the Qatar World Cup 2022 after defeating its French counterpart, by penalty shootouts, by four goals to two in the match that brought them together, this evening, Sunday, at Lusail Stadium, after the end of the original and extra time, in a positive tie with three goals for both teams.

Last Update: ، 2023/03/25 Time 12:32:21
Latest News:

Brigadier General Tariq Saleh chairs a joint military meeting in Mocha

Minister of Water meets Regional Director of the World Bank

Rights organization condemns Houthi violations against civilians in Ibb Governorate

Al-Sharjabi discusses with the Under-Secretary-General of ESCWA promotion of cooperation

PM directs social affairs ministry to double efforts in these difficult conditions

Riyal exchange rate stable, says central bank governor

[08/12/2018 12:41]

ADEN-SABA
Yemen's central bank said that the exchange rate of the national currency is stable as it had provided private food importers with lines of credit and an exchange rate of one dollar for the YR 440.

In a statement to Saba on Saturday, he said that the bank's foreign-exchange reserves amount to $2.7 billion, two billion of which is the Saudi deposit put in the bank's account in March 2018. "Of this amount only $356 million has been withdrawn," he said. He said the bank would continue to cover the letters of credit for importing basic commodities until the end of 2019.

He warned of the rumored news on exchange rate in the media, saying only the bank through this state-run news agency are the authentic source on such news.

Zemam also said the bank would take legal measures against money exchange firms involved in violating the set exchange rate or impacting it through the practice of currency speculation.