SAMA to provide technical support to CBY

Taiz Deputy Governor Discusses with Save the Children Interventions

The First Deputy Governor of Taiz Dr. Abdulqawi al-Makhlafi discussed Monday with the Country Director of Save the Children Mohammed Manaa the organization’s interventions in several sectors within the governorate.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/17 Time 10:46:37
Latest News:

Deputy Minister of Planning Discusses Economic Resilience Project with EU and OECD

Minister of Industry and Trade Discusses Partnership Opportunities with EU and OECD Delegation

President al-Alimi Returns to Aden

Vice Foreign Minister receives credentials of new UNFPA's Representative ADEN - SABA

Leadership Council listens to Prime Minister's report on progress of reform process, welcomes findings ..

SAMA to provide technical support to CBY

[10/05/2017 04:46]

Riyadh (Saba)- Prime Minister Ahmed Obaid Bin Daghar on Wednesday discussed with the Saudi Arabian Monetary Authority (SAMA) Ahmed al-Kholaifey the provision of technical support to the Central Bank of Yemen (CBY) to improve its performance and tasks.

The meeting underscored the importance of setting agenda and a cooperation plan between SAMA and CBY to support the legitimate government 's efforts to achieve financial stability and exchange-rate realignment.

It also dealt with the urgent priorities to operate CBY from the temporary capital of Aden and enable it to perform it tasks.

The premier commended the efficiency of SAMA and its experiences in organizing and managing the banking operations, hoping that Yemen can take advantage of these experiences to avoid an entire collapse of CBY after it was manipulated and looted by the Houthi-Saleh militias.

He further referred to the Saudi-Yemeni cooperation in defeating the Iranian plots aiming at destabilizing Yemen and the GCC States and endangering the international navigation, highlighting that Saudi Arabia took bold decisions and confronted these plots.

Al-Kholaifey emphasized that SAMA is ready to provide all aspects of assistances to guarantee the success of CBY in performing its tasks and functions, lauding the historical and distinguished relations between Yemen and Saudi Arabia.