trending Market Intelligence /marketintelligence/en/news-insights/trending/E4ENViA7taXlnw9nj5LkIw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Central bank floats exchange rate in war-torn Yemen

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Central bank floats exchange rate in war-torn Yemen

Yemen's internationally recognized central bank abandoned a peg of the war-torn country's currency to the dollar and ordered banks to use the market rate instead, effective Aug. 15, Reuters reported the same day, citing a circular issued a day earlier.

The Yemeni riyal had been pegged at 250 to the dollar, but Islamic and commercial banks have now been instructed to "use the exchange rate prevalent in the market for the U.S. dollar and other foreign currencies in accordance with the exchange rate lists issued by the central bank," the circular reportedly said. A new rate was not mentioned, but the riyal trades for around 350 to the dollar in the black market, traders told Reuters.

Yemen's internationally recognized government is based in the southern city of Aden. A coalition of Houthi-led rebels is based in the capital Sanaa, and the central bank there has not agreed to lift the currency peg, an official source told Reuters.

The official said most of the population lives in the northern part of the country and that lifting the peg could contribute to increases in the price of goods, which are mainly imported, and intensify economic hardship.