Al-Eryani welcomes new U.S. sanctions on networks linked to Houthi Terrorist Militia
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Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression
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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.
Last Update: ،
2025/06/21
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10:59:51
Latest News:
Al-Eryani: Iran and Its Militias Undermine Arab Stability
Foreign Minister Arrives in Istanbul for participation of OIC's session
Tariq Saleh discusses health situation in Western Coast with MSF delegation
Prime Minister Directs Government Agencies to Launch Field Survey for Social Support Program
Local Admin Minister Discusses Experience Exchange Program with Egypt
Latest News:
Al-Eryani: Iran and Its Militias Undermine Arab Stability
Foreign Minister Arrives in Istanbul for participation of OIC's session
Tariq Saleh discusses health situation in Western Coast with MSF delegation
Prime Minister Directs Government Agencies to Launch Field Survey for Social Support Program
Local Admin Minister Discusses Experience Exchange Program with Egypt
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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