CBY convenes on monetary policy and banking

Marib Explores Expanded Humanitarian Partnership with Turkish Aid Agency

Marib's Deputy Governor Dr. Abdrabuh Miftah discussed with the Turkish Cooperation and Coordination Agency (TİKA) ways to expand humanitarian, relief, and development assistance in the governorate to help address growing humanitarian needs and support displaced families and host communities.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/19 Time 07:45:28
Latest News:

Cabinet Reviews Current Developments, Enhance State Institutions Readiness

Head of Civil Status Authority Discusses Strengthening Cooperation with UNICEF Delegation

President al-Alimi: We Established Firm Deterrence Equation, Doors Remain Open to Fair Peace

Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace

Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan

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.