CBY finishes procedures to approve commodity imports totaling $61 million

Yemen, Arab and Muslim Nations Reject Somaliland Move to Establish Mission in Occupied Jerusalem

Yemen and several Arab and Muslim countries have denounced the announcement by the self-declared Somaliland region regarding the opening of what was described as a diplomatic mission in occupied Jerusalem, calling the move unlawful and a clear breach of international law and relevant UN resolutions governing the status of the city.

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: ، 2026/05/25 Time 08:27:00
Latest News:

Chairman of the Consultation Authority Meets Japanese Ambassador to Yemen

Yemeni, Egyptian Foreign Ministers Lead Ninth Round of Strategic Dialogue in Cairo

Yemen Extends Condolences to China over Shanxi Coal Mine Explosion Victims

Health Minister, Qatari Counterpart Discuss Expanding Bilateral Health Cooperation

Al-Alimi Meets with Several Military Leaders, Stresses Importance of Readiness and Unified Efforts

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.