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2025/05/17
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Latest News:
PM emphasizes Germany's role in backing government's efforts to address pressing priorities
Tareq Saleh discusses with the Governor of Taiz and the Deputy Minister of Transport the acceleration ..
PM, U.S. Ambassador discuss bilateral relations
Prime Minister Receives Secretary-General of Gulf Cooperation Council
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Yemen central bank lifts interest rate on CDs to 27%
[19/09/2018 12:25]
ADEN-SABA
Yemen's Central Bank has lifted interest rate on certificates of deposit to 27 percent to set a limit to the continued depreciation of the national currency, the Riyal.
The dollar has climbed to more than 600 Riyals up from 215 Riyals during the ongoing war which was triggered by the Houthi militia's military coup in September 2014.
The bank also increased the interest rates on government bonds to 17 percent.
Yemen's Central Bank has lifted interest rate on certificates of deposit to 27 percent to set a limit to the continued depreciation of the national currency, the Riyal.
The dollar has climbed to more than 600 Riyals up from 215 Riyals during the ongoing war which was triggered by the Houthi militia's military coup in September 2014.
The bank also increased the interest rates on government bonds to 17 percent.
Key words:
SABA Yemen's - certificates - depreciation - government - continued - militia's - September - triggered - increased - military -
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