The CBY takes measures for alleviating pressure on currency markets, says Zimam

Eryani discusses with AEI officials Yemen situation and challenges posed by Houthi terror militia

Minister of Information, Culture and Tourism Muammar al-Eryani has met with officials from the American Enterprise Institute to discuss the situation in Yemen and the challenges posed by the terrorist Houthi militia.

Saudi and Turkish foreign ministers discuss promoting bilateral relations between the two countries

Saudi Foreign Minister Prince Faisal bin Farhan discussed with the Turkish Foreign Minister Hakan Fidan the bilateral relations between the two countries and ways to promote them.

Germany, Canada reiterate opposition to US tariffs.

Germany and Canada renewed today, Tuesday, their opposition to the tariffs that the new US administration began imposing on imports from abroad.

Saudi Al-Nasr beats UAE's Al-Wasl 4-0 in AFC Champions League Elite

Saudi Al-Nasr beat its guest, UAE's Al-Wasl, 4-0 in the match that brought them together at Al-Awal Park Stadium in Riyadh, as part of the seventh round of the AFC Champions League Elite 2024-2025.

Last Update: ، 2025/02/05 Time 06:09:26
Latest News:

Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks

Taiz Governor discusses preparations for 2025 fiscal year budget

Mahra Senior officials seek greater intervention by UNDP in fishery

Interior Minister Lauds Security Services' Efforts in Hadhramaut Valley

SPDRY participates in the 22nd meeting of Joint Technical Committee to identify Yemen's development needs ..

The CBY takes measures for alleviating pressure on currency markets, says Zimam

[11/09/2018 01:51]

ADEN-SABA

Governor of the Central Bank of Yemen Mohammad Zimam has said the bank has taken a number of steps for alleviating pressures on currency markets and providing basic goods to citizens with low prices across Yemen.

In a release issued by the bank's media and banking culture center, Zimam added procedures of finalizing needed measures from concerned institutions in Saudi financial ministry for paying the second batch of the Saudi deposit for supplying the basic substances through a demand raised by the Yemeni trade banks worth more than 62 USD billion.

He pointed out that the bank has provided credits for the same basic goods offered by the commercial banks for sums lesser than USD 200 thousand supplied directly by the Central Bank of Yemen in coordination with the government.

He confirmed that the bank has taken necessary executive measures regarding the Ministers Council's decision No. 76 for 2018 authorizing the Yemeni commercial banks selling USD 2000 to departing citizen from Aden or Sayoon for the purpose of medication abroad and the bank will compensate the trade banks on those funds as soon as receiving their financial claims.

He made it clear that the economic crisis requires integration of government and social efforts, pointing out that a single body cannot face any possible economic collapse.