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2024/04/25
Time
03:55:03
Latest News:
Defense Minister meets with Acting-Chinese Ambassador in Aden
Tarmoum, Chinese Chargé d'Affaires promoting cooperation in the telecom sector
Two children injured by Houthi landmine in southeastern Yemen's Shabwa
Cabinet looks at various issues on its agenda
Al-Bahsani inspects combat preparedness of military units in Hadhramaut coast
Latest News:
Defense Minister meets with Acting-Chinese Ambassador in Aden
Tarmoum, Chinese Chargé d'Affaires promoting cooperation in the telecom sector
Two children injured by Houthi landmine in southeastern Yemen's Shabwa
Cabinet looks at various issues on its agenda
Al-Bahsani inspects combat preparedness of military units in Hadhramaut coast
The CBY takes decisions to carry out its functions
[12/04/2018 05:17]
ADEN-SABA
The Central Bank of Yemen (CBY) has taken several decisions aiming to operate its main headquarter in the interim capital Aden. The decisions have been approved by joint meeting included Board of Directors of the CBY and Representatives of the Banks, Chamber of Trade and Industry and private-sector.
The meeting held Thursday presided over by the governor of the CBY Dr Mohammed Mansour Zemmam, in the interim capital Aden.
The decisions included resuming the banking credit coverage of the basic commodities imports, through opening banking credits by national banks around the country. This shall be commenced in the beginning of next June, it shall make use of the Suadi Arabia's $2 billion deposit.
The decisions also included resuming dealing with checks concerning to the public revenues.
The governor Dr Mohammed Zemmam gave keynote speech in which he outlined the CBY action-plan, objectives and mechanism. He stated that the CBY has got 3-month- action plan, affirming that the CBY is responsible for the public debt as official institution. He also noted that expenditures including salaries will be paid through the banks, and mini-banknotes( 100-200-250 YR) will be issued and made available, and old ones will be withdrawn.
The Central Bank of Yemen (CBY) has taken several decisions aiming to operate its main headquarter in the interim capital Aden. The decisions have been approved by joint meeting included Board of Directors of the CBY and Representatives of the Banks, Chamber of Trade and Industry and private-sector.
The meeting held Thursday presided over by the governor of the CBY Dr Mohammed Mansour Zemmam, in the interim capital Aden.
The decisions included resuming the banking credit coverage of the basic commodities imports, through opening banking credits by national banks around the country. This shall be commenced in the beginning of next June, it shall make use of the Suadi Arabia's $2 billion deposit.
The decisions also included resuming dealing with checks concerning to the public revenues.
The governor Dr Mohammed Zemmam gave keynote speech in which he outlined the CBY action-plan, objectives and mechanism. He stated that the CBY has got 3-month- action plan, affirming that the CBY is responsible for the public debt as official institution. He also noted that expenditures including salaries will be paid through the banks, and mini-banknotes( 100-200-250 YR) will be issued and made available, and old ones will be withdrawn.
Key words:
Representatives - expenditures - headquarter - institution - commodities - responsible - objectives - concerning - commenced - beginning -
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