Central bank begins affording foreign exchange to oil importers

Tareq Saleh Discusses Latest Developments in Yemen, Region with French Ambassador

Member of the Presidential Leadership Council Lieutenant General Tareq Saleh held a video conference on Wednesday with French Ambassador to Yemen Catherine Corm-Kammoun

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/03 Time 01:13:23
Latest News:

Planning Minister Discusses Strengthening Bilateral Cooperation with U.S. Embassy Chargé d’Affaires

Tareq Saleh Discusses Latest Developments in Yemen, Region with French Ambassador

Minister Noman Witnesses Saudi-Yemeni Education Cooperation Agreement

Yemen Joins Arab Economic Council Preparatory Meeting

Minister Al-Sharjabi Stresses Importance of Proactive Action to Reduce Disaster Risks in Yemen

Central bank begins affording foreign exchange to oil importers

[28/09/2020 02:49]

ADEN-SABA
The central bank in the temporary capital Aden today began facilitating access to foreign exchange for importers of petroleum products as part of new regulations to limit illegal speculation with the Riyal currency.

In a statement, the bank it began affording the exchange to “the first batch of petroleum products importers as per the mechanism the bank has recently adopted at a preferential exchange rate.” Importers, under the mechanism, are required to deposit their proceedings in commercial banks in Yemeni Riyal to be next transferred to the central bank, with a view to limiting illegal currency speculation and achieve a stability in exchange rate.