Taiz Governor discusses with UN Resident Coordinator solutions to alleviate water crisis
Taiz Governor Nabil Shamsan discussed Saturday with the UN Resident Coordinator and Humanitarian Coordinator in Yemen Julian Harness solutions to alleviate water crisis in the governorate.
Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
U.S. President plans to increase tariffs on steel, aluminum imports
U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Portugal Wins UEFA Nations League Title
Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.
User Name: Password:
The CBY discusses positive impacts of Saudi deposit
[23/01/2018 02:56]

ADEN-SABA
The Central Bank of Yemen(CBY) held its first meeting of 2018 on Tuesday in the interim capital Aden. The session chaired by the governor of the CBY Munassar Al-Qoa'iti and attended by Minister of Finance Ahmed Obeid Al-Fadhli.

The meeting aimed to discuss how to better use the Saudi deposit totaling $2billion to improve the value of the Yemeni national currency.

The meeting touched upon the requirements of regulating the foreign exchange market and aspects of using the currency exchange businesses to increase the foreign reserves and prop national currency exchange rate. Given that the CBY is set to undertake the implementation of the government's policy to ensure basic commodity supplies and improve the level of supply in the operating banks in Aden to enable their capacities to run their businesses effectively.

The meeting of the board of directors of the CBY has approved to issue instructions to the banks and businesses of currency exchange to relocate their headquarters in Aden and take necessary measures to put this in place.

The CBY governor touched upon the efforts have been made by the CBY in cooperation with the Ministry of Finance to implement the parameters of the state general budget in 2017 and to activate the CBY's account with the corresponding banks and to build capacities of the bank's workers with great sponsorship by the Saudi Arab Monetary Corporation.


Prime Minister Directs Government Agencies to Launch Field Survey for Social Support Program
Local Admin Minister Discusses Experience Exchange Program with Egypt
President al-Alimi Meets with Crisis Management Committee
Prime Minister Pledges Support for Youth-Led Community Initiatives
Newly Appointed Judges to Supreme Court Take Oath of Office
Health Minister Chairs Expanded Meeting of Medical Emergency Committee
Leadership Council Chairman Holds Phone Call with Djiboutian President
UN envoy calls on Security Council to exert maximum pressure on Houthis to release UN staff
Yemen calls on Iran to cease its destabilizing behavior and warns of the Houthi threat to shipping.
Detained Citizen Has No Government Affiliation, Yemen Embassy in Beirut Says

About Saba News Agency | Usage Agreement | Contact Us