Economy

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,…

SANAA, July 15 (YPA) - The Sanaa-based Central Bank of Yemen declared on Tuesday announced the issuance of a new 200-riyal Yemeni bank-note, which set to enter official circulation on Wednesday, July 16. The bank said in a statement that…

ADEN, July 14 (YPA) - The local currency, the riyal, is witnessing a rapid collapse in Aden and the southern and eastern provinces, with foreign currency prices rising. The Southern Money Changers Syndicate, in a statement issued on Monday,…

ADEN, July 14 (YPA) - The Southern Money Changers Syndicate in Aden province, controlled by the Saudi-led coalition in southern Yemen, on Monday condemned the continued rapid collapse of the Yemeni riyal against foreign currencies in the…