The CBY takes decisions to carry out its functions

Saudi Development Program Showcases Yemen Reconstruction Experience at Global Urban Forum

The Saudi Program for Development and Reconstruction of Yemen participated in the 13th session of the World Urban Forum in Baku, as part of Saudi Arabia’s official delegation to the international event organized by the UN-Habitat.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/19 Time 12:53:17
Latest News:

Saudi Development Program Showcases Yemen Reconstruction Experience at Global Urban Forum

Cabinet Endorses Economic Measures to Improve Public Sector Conditions

Minister of Planning Seeks British Support for National Development, Stability Plan

Al-Eryani Receives Invitation to Participate in Arab Information Ministers' Meeting from Libyan Ambassador ..

Presidential Leadership Council Member Mahmoud al-Subaihi Receives UN Delegation in Aden

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.