President al-Alim: We're determined to protect civilians, correct course of partnership within Coalition to support Legitimacy
His Excellency (HE) President Dr. Rashad a-Alimi, Chairman of the Presidential Leadership Council (PLC), affirmed that the state is determined to protect civilians, uphold its legal standing and maintain unity in its military and security decisions, warning of the danger posed by the escalation of the South Transitional Council (STC) in Hadramout and al-Mahra governorates and the involvement of the United Arab Emirates (UAE) in supporting the rebellion and undermining state institutions.
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Last Update: ،
2025/12/31
Time
09:18:47
Latest News:
Yemen Orders UAE Forces to Withdraw Amid Rising Tensions
A republican decree about declaring a state of emergency
President al-Alim: We're determined to protect civilians, correct course of partnership within Coalition ..
Interior Ministry Supports President's Decisions to Counter Armed Rebellion
Coalition Conducts Limited Airstrike on Weapons Shipment at Yemen's Mukalla Port
Latest News:
Yemen Orders UAE Forces to Withdraw Amid Rising Tensions
A republican decree about declaring a state of emergency
President al-Alim: We're determined to protect civilians, correct course of partnership within Coalition ..
Interior Ministry Supports President's Decisions to Counter Armed Rebellion
Coalition Conducts Limited Airstrike on Weapons Shipment at Yemen's Mukalla Port
CBY takes measures to keep prices of Yemeni Riyal stable
[31/07/2018 08:20]
CBY takes measures to keep prices of Yemeni Riyal stable
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
Key words:
controlbodies - stable ADEN - certificates - exaggerating - specialized - propagandas - appropriate - controlling - inspection - commercial -
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