Central bank begins affording foreign exchange to oil importers

FM meets with Russian President's special envoy for Middle East, Africa

The Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani met today, Friday, in Baghdad, with the Special Envoy of the Russian President for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov.

Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured

The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.

GDP grows 0.3 percent in Eurozone, EU in 1Q

The gross domestic product (GDP) in the Eurozone and the European Union (EU) registered a growth of 0.3 percent during the first quarter of the current year compared to the previous quarter.

Bologna Wins Italian Cup Title for Third Time in History

Bologna FC has been crowned the champion of the Italian Cup for the third time in its history, after defeating AC Milan 1-0 in the final match.

Last Update: ، 2025/05/17 Time 05:58:45
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

Deputy Foreign Minister discusses ways to enhance cooperation with Italian Official

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.