President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas
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2024/04/19
Time
12:13:25
Latest News:
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
President al-Alimi directs doubling precautionary measures to follow up low-pressure impacts in eastern ..
Chairman of SJC hails establishing and equipping National Center for Forensic Medicine in Aden
Latest News:
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
President al-Alimi directs doubling precautionary measures to follow up low-pressure impacts in eastern ..
Chairman of SJC hails establishing and equipping National Center for Forensic Medicine in Aden
CBY takes measures to keep prices of Yemeni Riyal stable
[31/07/2018 08:20]
CBY takes measures to keep prices of Yemeni Riyal stable
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
Key words:
controlbodies - stable ADEN - certificates - exaggerating - specialized - propagandas - appropriate - controlling - inspection - commercial -
President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
President al-Alimi directs doubling precautionary measures to follow up low-pressure impacts in eastern provinces
One person died, damages in agricultural lands, roads, electricity, water supplies in Hadramout due to heavy rainfalls
FM holds phone conversation with British Minister of State over developments in Yemen
PM inaugurates local authority administration compound in Lahj governorate
Mahrah: Local Emergency Committee discusses latest developments on the soon expected air depression
PM conducts field visit to Lahj Province
