CBY convenes on monetary policy and banking

Official and Societal Efforts Must Be Joined To Protect Cultural Heritage

The Member of the Presidential Leadership Council (PLC), Governor of Marib governorate Sultan al-Arada urged authorities and officials in charge of protecting antiquities and historical sites to redouble efforts and devote resources to preserve Yemen's cultural heritage.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/12 Time 07:35:13
Latest News:

Houthis Threatens to Expand Military Support Network

Marib Deputy Governor Discusses Expanded Cooperation With Japanese NGO IVY

Marib Official, UK Charity Discuss Expanding Humanitarian Assistance

French Ambassador Visits Key Health and Tourism Sites in Hadramout

Al-Khanbashi and French Ambassador Discuss Expanding Development Cooperation

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.