CBY finishes procedures to approve commodity imports totaling $61 million

Dr. Abdullah al-Alim Briefs Arab Ambassadors to UK on Developments in Yemen

The Member of the Presidential Leadership Council (PLC) Dr. Abdullah al-Alimi detailed Arab Ambassadors to the United Kingdom (UK) on the political and security situations in Yemen as well as the economic and humanitarian challenges in Yemen.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/12 Time 11:48:12
Latest News:

Presidential Leadership Council Member Highlights Parliament's Key Role in Advancing State-Building Efforts

Transport Ministry Rejects Unauthorized Iranian Flights to Sana'a Airport

Houthi Terrorist Militias Thwart UN-Led Detainees, Abductees Exchange Process

Al-Alimi Discusses With Senior British Official Bilateral Cooperation

Leadership Council Avows To Take All Measures To Prevent Violations of Yemeni sovereignty

CBY finishes procedures to approve commodity imports totaling $61 million

[24/10/2018 03:39]

ADEN-SABA
Central Bank of Yemen (CBY) has accomplished necessary measures to cover credits for commodity imports through withdrawing from the Saudi deposit, fifth payments with total amount $61 million.

Approvals are also issued for the belated credits of the previous payment with total sum $66 million.a

Governor of CBY Dr Mohammed Zimam told the Yemeni News Agency (Saba) that drawing mechanisms have become simplified take less than seven days to be finished and cover all credits submitted from all provinces including the Hudramout traders' credits which all have been approved to import rice commodity, other credits will issued on Sunday.

Zimam stated that all credits will be carried out on Sunday so that merchants are notified to supply their money in the Yemen Rial (YR) to the CYB starting from tomorrow Thursday until Sunday.

Foreign exchange rate against US dollar is $1 for 585 (YR) until Monday October 29. This price for importing basic commodities.