CBY convenes on monetary policy and banking

Prime Minister Celebrates Reissue Official Gazette of Republic of Yemen in Aden

The Prime Minister Dr. Shaya Zindani launched today, Thursday the re-issuance of the official gazette of the Republic in the temporary capital Aden, more than 11 years after it had stopped following the terrorist Houthi militias coup against the official authority and the war they triggered at the end of 2014.

10 Palestinians Killed in Gaza as Israeli Forces Arrest Palestinian Minister

Ten Palestinians, including nine Palestinian police officers and personnel, were killed and others injured in Israeli airstrikes and shelling targeting northern and central Gaza Strip on Wednesday.

Tunisian Economy Grows 2.3 In 2Q

The Tunisian economy recorded a growth of 2.3 percent in the second quarter of this year, 2026, driven by improved performance in the agricultural sector and the services sector related to hotels, cafes and restaurants.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/20 Time 02:43:14
Latest News:

Al-Khanbashi Praises Activities of "Action for Humanity" Organization

Deputy Foreign Minister Receives Copy of Credentials of Thai Ambassador

Houthi Sniper Wounds Girl in Eastern Taiz

Yemeni Embassy Briefs Sudanese Media on Developments and Houthi Threats to Shipping

Al-Muharrami: Restoring State Institutions Is Key to Peace and Stability in Yemen

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.