CBY convenes on monetary policy and banking

President al-Alimi receives U.S. Ambassador

Chairman of the Presidential Leadership Council Dr. Rashad Mohammed al-Alimi received Sunday, along with Council member Othman Mujalli, U.S. Ambassador Stephen Fagin to discuss the bilateral relations between the two friendly countries, their future prospects and ways to enhance them at various levels.

Death toll in Gaza rises to 48,264 and injuries to 111,688

The death toll in the Gaza Strip has escalated to 48,264 martyrs, and 111,688 injured, predominantly children and women, since the start of the Israeli occupation aggression on October 7, 2023.

QCB's foreign exchange reserves rise 3.81 percent

The Qatar Central Bank's (QCB) international reserves and foreign currency liquidity increased by 3.81 percent in February to 255.916 billion riyals, compared to 246.509 billion riyals in the same month last year.

Monaco draws 1-1 with Toulouse in the French Football League

Monaco tied with its host Toulouse 1-1 in the match that brought them together at the Municipal Stadium (Toulouse), within the 25th round of the French Football League.

Last Update: ، 2025/03/10 Time 03:54:03
Latest News:

Tariq Saleh: We're committed to support teachers, develop Taiz governorate

Prime Minister directs Local Authority in Hodeida to intensify efforts to address citizen's needs

PM: Schooling operation must be resumed

Amb. Faqira meets with Jordanian transport minister

MASAM removes 1058 landmines planted by Houthi terrorist militia during past week

CBY convenes on monetary policy and banking

[16/05/2018 02:51]

ADEN-SABA
The Central Bank of Yemen, chaired by its governor Mohammed Zammam, convened a broad meeting on a number of issues related to monetary policy and banking.

The meeting which brought together the governor's deputies and the managers of private banks, commerce chambers, money exchange business and other companies discussed the CBY's accomplished missions and future trends.

Dr. Zammam reiterated the CBY's commitment to cover the finance of importing staple commodities such as wheat, rice, sugar, milk and cooking oil through letters of credit opened with official banks across the country as of the beginning of next June. That will be possible know thanks to the Saudi deposit of $ 2 billion.

He said that they are coordinating with the Prime Minister and the Minister of Finance to pay the salaries of public employees to their bank accounts. He said that there is an improvement in the status of the Central Bank and the availability of cash. He said that soon the committee in charge of determining the price of the Yemeni Riyal exchange rate against the US dollar will soon assume its role and set a realistic exchange rate.