PM urges CYB's active intervention to maintain national currency exchange rate

Al-Arada Confers with British Ambassador over Assisting Government's Reforms Program

The Member of the Presidential Leadership Council (PLC), Governor of Marib governorate met today, Thursday, with United Kingdom to the Republic of Yemen Abda Sharif.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/04/30 Time 11:51:08
Latest News:

Al-Barakani celebrates EU Ambassador's tour in Taiz, highly appreciates EU interventions

Minister of Education Discusses Partnership with "Pure Hands"

Young Man Seriously Wounded by Houthi Sniper North of Taiz

Al-Subaihi: We need to step up efforts to promote transport businesses

EU Ambassador: Taiz Stands Out for Diversity, Earns EU Backing for Recovery and Development

PM urges CYB's active intervention to maintain national currency exchange rate

[24/01/2020 12:18]

ADEN-SABA
Prime Minister Dr. Ma'een Abdulmalik stressed the need for effective intervention by the Central Bank of Yemen (CBY) to maintain the exchange rate of the national currency and enhance monitoring on the exchange companies.

His statement came as he presided over a meeting on Thursday of the board of directors of the CBY held in the interim capital Aden.

The session aimed to discuss necessary measures to maintain the exchange rate of the Yemeni Rial (YR) and deal with the Houthi rebel militia's illegal measures by banning dealing with the newly issued national currency banknotes.
Dr. Ma'een underlined the need to join efforts in order to manage the economic hardship the country has been struggling with.

The governor of the CBY touched upon the positive impacts of getting the approval to withdraw from the Saudi deposit the payments no (33,34, 35) with total amount $227 million to cover the request of commercial and Islamic banks around the country to import the basic commodity.