[31/08/2025 07:42]
ADEN-SABA
The Board of Directors of the Central Bank of Yemen (CBY) held its fifth regular meeting this evening, Sunday, as part of the current session of the Board.
The session aimed to address several important and vital issues, most notably the progress of work in the National Committee for Regulating and Financing Imports (NCORFI) and the achievements made during the short period of the committee's work.
The Board also profoundly discussed the current developments in the currency exchange rate.
After an extensive discussion of the data and future forecasts, and to maintain stability and prevent market manipulation by speculative forces that have lost their interests, the council decided to maintain the announced exchange rate for the Yemeni Riyal against the Saudi Riyal, which is set at 425 for buying and 428 for selling, and to adopt this rate for all transactions according to the approved and announced regulations for banks, exchange companies and NCOFI until further notice.
The Board decided that all amounts purchased by banks and exchange companies of foreign currencies over the past two days are the property of the CBY and the NCOFI, in accordance with the agreed mechanism with the banks and exchange companies since the establishment of the NCRFI.
Minister of Culture Discusses with Goethe Institute Cultural Cooperation
Minister of Civil Service discusses strengthening institutional reform cooperation with British Ambassador
Yemen affirms full solidarity with Kuwait against any threat to its security, stability
Yemen Says Houthi Militia Poses Direct Threat to Regional Peace, Condemns Attacks on Gulf Infrastructure
Aden Governor Discusses Improving Postal Services
Minister al-Kaf Discusses Strengthening Energy Cooperation with British Ambassador
Al-Khanbash: Efforts need to be joined to help IDPs
President al-Alimi: The region's stability contingent on deterring Iranian regime, its armed militias
Minister of Local Administration Discusses Efforts to Strengthen Decentralization with German Ambassador
Yemen’s Ambassador Discusses Joint Cooperation with German Ministry of Environment