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Last Update: ،
2025/10/31
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11:51:17
Latest News:
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Latest News:
President al-Alimi receives Chargé d'Affaires of US Embassy in Yemen
Parliament holds consultative meeting to discuss current situation
Yemen participates in Paris Peace Forum 2025
Presidential Leadership Council urges collective action, protecting citizens in militias controlled- ..
PURE HANDs provides al-Thawra Hospital in Taiz with 10 medical devices
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.
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.
Key words:
preferential - facilitating - proceedings - speculation - transferred - regulations - commercial - importers - mechanism - Importers -
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