Central Bank approves a measure to determine the dollar's price

Central Bank approves a measure to determine the dollar's price


The Governor of the Central Bank of Yemen (CBY) Mohammed Zemmam discussed with the representatives of banks and money exchange businesses in the temporary capital Aden on Saturday, the ways and means of maintaining the economy and the stability of the local currency.

The meeting agreed to form a committee that will also include representatives of the main and commercial banks under the supervision of the CBY.  The committee will hold a monthly meeting to determine the exchange rate of the dollar against the Yemeni Riyal.

According to the state-run news agency (Saba), it was also agreed - to find a unified system that contains a number of conditions and controls to regulate the work and relationship between money exchangers and banks and address the difficulties faced by money exchangers.

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