Tue, 21-Oct-2025

Yemeni rial bounces back as central bank restructured

Yemeni rial

AL-MUKALLA: The Yemeni rial recovered by roughly 30 per cent hours after the Yemeni president reshuffled the country’s central bank board in a bid to rein in the rapid currency devaluation. Local moneychangers told Arab News that the Yemeni rial began bouncing back on Monday night when President Abed Rabbo Mansour Hadi dismissed the governor … Read more

Yemen replaces central bank governor, deputy amid currency collapse

Yemeni

RIYADH: Yemeni President Abed Rabbo Mansour Hadi reconstituted the country’s central bank board on Monday, replacing the governor and the deputy governor, amid an unprecedented collapse in the local currency, Arab News reported. Ahmed bin Ahmed Ghaleb Al-Maabqi was appointed as governor and Muhammad Omar Banaja as his deputy, a presidential decree published by the state news … Read more