Economy

SANAA, July 31 (YPA) - The Sanaa-based central bank of Yemen declared on Thursday that it started implementing the first phase from destroying the first issue of 200-rial banknotes, which became non-tradable according to approved standards…

SANAA, July 31 (YPA) - US President Donald Trump imposed new 25% tariffs on Indian products, along with an undisclosed penalty, due to New Delhi's continued purchases of arms and energy from Russia. These measures are scheduled to take…

SANAA, July 27 (YPA) - Foreign currency exchange rates in banks in Aden and other areas under the Saudi-led coalition's control witnessed a slight decline on Sunday, with the US dollar recording 2,880 Yemeni riyals for sale and 2,865 riyals…

SANAA, July 22 (YPA) - The Sanaa-based Customs Authority said on Tuesday that it had resumed implementation of the decision the Ministers of Finance and Economy and Industry issued regarding support for local products. In a statement, the…

SANAA, July 18 (YPA) - The sharp decline in the value of the national currency and the continued rise of the dollar to unprecedented levels have revealed the depth of the economic and banking crisis, which has worsened beyond control,…

SANAA, July 17 (YPA) - The US dollar exchange rate against the Yemeni riyal in Aden and the southern and eastern provinces, controlled by the Saudi-led coalition, reached a new high, reaching 2,900 Yemeni riyals to one dollar. Banking…

SANAA, July 17 (YPA) - Gold prices rose sharply on Thursday in Aden and the southern and eastern provinces of Yemen, which are under the control of the Saudi-led coalition-backed government, while prices remained stable at recent levels in…

SANAA, July 16 (YPA) - Yemeni economic expert Rashid Al-Haddad explained that printing of 200-riyal banknotes by Sanaa-based Central Bank of Yemen would not lead to inflation or depreciation in the currency's value. Al-Haddad affirmed that…

SANAA, July 16 (YPA) - Foreign currency exchange rates in Aden and the southern and eastern provinces of Yemen witnessed a new rise against the riyal on Wednesday, amid a rapid currency collapse and disastrous repercussions on the economy…

SANAA, July 16 (YPA) - At a time when Yemeni southern and eastern regions  under the Saudi-led coalition’s control are experiencing a state of comprehensive economic collapse and an unprecedented deterioration in the currency exchange rate,…