CBY announces transferring $61min into external commercial banks' accounts

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CBY announces transferring $61min into external commercial banks' accounts

[21/01/2019 07:09]

ADEN-SABA
Central Bank of Yemen (CBY) announced on Monday that it has already transferred total amounts of $61 million from Saudi deposit into the external commercial banks' accounts to meet the banks requests for importing basic commodity, specifically children milk and wheat.

A statement issued by the CBY, the Yemeni News Agency (Saba) obtained a copy of, stated the CBY has continued to work on legal procedures aiming to ensure prices stability through withdraw from the Saudi deposit which has proved very helpful for maintaining exchange rates and bringing down costs of basic commodities and fuels.