CBY convenes on monetary policy and banking

"MASAM" removes 1765 of Houthis-laid landmines in a week

King Salman Humanitarian Aid and Relief Center's Demining Project in Yemen, known as "MASAM" managed to remove 1,765 of landmines, unexploded ordnances (UXO) and improvised explosive devices (IED) in the last week February 2026.

Gulf Ministerial Council Condemns Iranian Attacks Targeting GCC States and Jorda

The 50th extraordinary session of the Ministerial Council of the Gulf Cooperation Council has strongly condemned and rejected the“criminal Iranian attacks” targeting GCC member states and the Hashemite Kingdom of Jordan.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/03 Time 02:30:23
Latest News:

"MASAM" removes 1765 of Houthis-laid landmines in a week

Minister of Agriculture discusses with FAO agricultural, fishery development projects

Prime Minister receives message from his Maltese counterpart

Prime Minister: Efforts must be redoubled to improve public revenues

Local Administration Minister Discusses WFP Humanitarian Interventions

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.