Zammam says revenues within govt administered areasgoto central bank

Foreign Minister Discusses Strengthening Humanitarian Efforts in Yemen with French Organizations

Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba held an expanded meeting on Monday with representatives of French organizations operating in Yemen to discuss ways to strengthen humanitarian assistance, address operational challenges, and improve relief and development programs.

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: ، 2026/11/02 Time 07:43:27
Latest News:

Foreign Minister Discusses Strengthening Humanitarian Efforts in Yemen with French Organizations

Speaker of Shura Council Confers with UN Envoy over Developments on National Scene

Ministry of Health: 5 killed, 15 Injured, Including Medics Due to Houthi Militias Bombing al-Suqia ..

Taiz Health Sector Faces Collapse Amid Continued Houthi Siege

Ministry of Water Signs Two Agreements to Implement Water Projects in Shabwa and Abyan

Zammam says revenues within govt administered areasgoto central bank

[11/07/2018 05:39]

ADEN-SABA
The governor of Yemen's central bank, Dr. Mohamed Zammamsaid that all revenueswithin the government-administered areas, including revenues from crude oil sales, go to the central bank.

Zammam made the remarks during a meeting with the Humanitarian Coordinator, the resident representative of the UNDP Lisa Grandein Aden on Wednesday.

They addressed several economic issues including the failure of the rebel militia to hand over revenues to the government, the constrain on stateexpenditures as a result,and the weak purchasing power of the Yemenii Riyal.

Zammamstressed the need to increase the Riyal power so that the essential commodities can be afforded in the market. The assistance Yemen receives does not cover 10% of the needs, he said.

They discussed the salaries that have not been paid to civil servicemen since August 2016, an issuelinked to the Houthiwithholding of public revenues under their control.

He pointed to the central bank's involvement of the commercial banks in financingthe import of basic commodities.
He said that the Saudi $2 billion deposit in the bank has helped the bank to a large extent to activate its fiscal instruments and finance the import of commodities.