CBY convenes on monetary policy and banking

Member of PLC al-Khanbashi Launches Yemeni Cultural Summit in Mukalla

Member of the Presidential Leadership Council Salem al-Khanbashi, the Governor of Hadramout, inaugurated the Yemeni Cultural Summit in Mukalla on Saturday and officially opened the Arts Zone project, implemented by the Hadramout Foundation for Culture with joint funding from the European Union, the British Council, and UNESCO.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/17 Time 11:10:16
Latest News:

Al-Khanbashi Reviews Preparations for Government-Local Partnership Conference and Fuel Supply in Hadramout

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, ..

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees 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.