CBY convenes on monetary policy and banking

Leadership Council Chairman Emphasizes Judiciary's Role in Upholding State Authority

His Excellency President Dr. Rashad Al-Alimi, Chairman of Yemen's Presidential Leadership Council, met with the Chairman of the Supreme Judiciary Council, Chief Justice Muhsen Yahya Taleb, and other senior judicial officials to discuss the judiciary's role in strengthening state authority and protecting its legal status.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Turkey's exports to neighboring countries exceed $28 billion in 2025

Turkey's revenues from exports to neighboring countries made $28.352 billion in 2025, marking an increase of 4.6% compared to 2024, when they amounted to $27.092 billion.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/10 Time 09:18:48
Latest News:

Foreign Ministry Announces Completion of Evacuation of Stranded Tourists from Socotra

KSrelief Signs Agreement to Operate Prosthetics and Rehabilitation Center in Seiyun

Governor of Aden Takes Constitutional Oath Before President al-Alimi

Ambassador al-Sa'adi Discusses Developments in Yemen with Delegations of Permanent Members of UNSC

Yemen's Shura Council Welcomes Dissolution of Southern Transitional Council

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.