The Central Bank of Yemen, based in the temporary capital Aden, has rejected the announcement by the Houthi militia, made through its seized branch of the Central Bank in the occupied capital Sana'a, regarding the issuance of a forged 50 riyal coin and its circulation in areas under its control.
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
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.
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
CBY Manager: Saudi deposit a good omen for resolving currency crisis
[12/11/2017 05:17]
ADEN-SABA
The Manager of the Central Bank of Yemen (CBY) Munassar al-Qoayti said on Sunday that the Saudi announced deposit of $2 billion to be placed in the CBY "will undoubtedly be a good omen … that a series of measures and economic assistance will bring the normal life back again at a quickened pace."
In a statement to Saba on Sunday, Qoaytisaid the deposit "will be a significant factor to establish firm the trust of the regional and international institutions in the national Yemeni economy."
Al-Qoayti expects stability in the value of Yemeni Rial, regain of normalcy in cities, reconstruction and a boost to the government's good governance and improved functionality of the CBY, as a result of the Saudi promised deposit and a year's supply of oil derivatives to Yemen.
"The current difficulties are on their way to be resolved and the Yemeni rial will rise above its crisis soon," he said.
"The coming days will witness a quality presence of the Central Bank in the capital Aden and all other provinces, mainly the government-held ones."