Central bank begins affording foreign exchange to oil importers

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish Higher Education Authority

The Yemeni Ambassador to Turkey Mohammed Saleh Turaiq discussed Tuesday with the President of the Turkish Higher Education Authority, Professor Errol Özvar aspects of bilateral cooperation in the academic field and ways to support Yemeni students studying at Turkish universities.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/07/02 Time 06:17:23
Latest News:

International Rescue Committee, Marie Stopes Health Organization's interventions in remote areas discussed ..

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish ..

Al-Arada discusses developments in Yemen with U.S. Chargé d'Affaires

Parliament Speaker Meets Prime Minister to discuss current developments

President al-Alimi Meets with Parliament Speaker, members

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.