CBY convenes on monetary policy and banking

US Ambassador Offers Condolences on the Death of Former President Abd-Rabu Mansour Hadi

The US Ambassador to Yemen Steven Fagin offered his condolences on the death of former President of the Republic Field Marshal Abd-Rabu Mansour Hadi.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/04 Time 07:43:14
Latest News:

US Ambassador Offers Condolences on the Death of Former President Abd-Rabu Mansour Hadi

Yemen Denounces Israeli Settlers’ Incursion into Al-Aqsa Mosque Compound

Yemen Denounces Latest Iranian Attacks on Kuwait and Bahrain

Marib Deputy Governor Stresses Importance of World Food Programme's Role in Easing Hardship for Vulnerable ..

Houthi Artillery Shells Target Civilians' Homes North of Taiz

CBY convenes on monetary policy and banking

[16/05/2018 02:51]

ADEN-SABA
The Central Bank of Yemen, chaired by its governor Mohammed Zammam, convened a broad meeting on a number of issues related to monetary policy and banking.

The meeting which brought together the governor's deputies and the managers of private banks, commerce chambers, money exchange business and other companies discussed the CBY's accomplished missions and future trends.

Dr. Zammam reiterated the CBY's commitment to cover the finance of importing staple commodities such as wheat, rice, sugar, milk and cooking oil through letters of credit opened with official banks across the country as of the beginning of next June. That will be possible know thanks to the Saudi deposit of $ 2 billion.

He said that they are coordinating with the Prime Minister and the Minister of Finance to pay the salaries of public employees to their bank accounts. He said that there is an improvement in the status of the Central Bank and the availability of cash. He said that soon the committee in charge of determining the price of the Yemeni Riyal exchange rate against the US dollar will soon assume its role and set a realistic exchange rate.