Central Bank in Sanaa issues new circular

SANAA, Aug. 22 (YPA) – The Central Bank of Yemen in Sanaa published on Thursday a new circular, determining the upper limit on the selling prices of major currencies approved by the Foreign Exchange Unit.

 The bank’s circular stipulated the following:

Saudi riyal to Yemeni riyal = 140 Yemeni riyals.

US dollar to Yemeni riyal = 530.50 Yemeni riyals.

US dollar to Saudi riyal = 3.79 Saudi riyals.

The bank pointed out that if the approved prices change during the period, the new prices will be published at the time of their approval by the Foreign Exchange Unit.

YPA