CBY convenes on monetary policy and banking

GCC's Ministerial Council Confirms its Support for Yemen's Unity, Sovereignty, Calls for Designating Houthi Militias Terrorist Group

The Gulf Cooperation Council (GCC) affirmed the sovereignty of the Republic of Yemen and the unity of its territory, calling on the UN Security Council to implement its resolutions regarding Yemen and the rebellion of the Iranian-backed Houthi terrorist militias.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/19 Time 05:57:51
Latest News:

Yemeni Ambassador Discusses Escalating Houthi Threats with US Assistant Secretary of State

Zouba, Indonesian Deputy Foreign Minister Discuss Cultural and Educational Cooperation

Government Calls on Security Council to Condemn Houthi Escalation in Yemen

Al-Soqatari, al-Sharjabi Participate in Operational, Technical Mission of Water and Irrigation Management ..

Parliament Speaker Praises Kuwait’s Support for 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.