Treasury bonds totaling 100 billion YR to be issued

Deputy Foreign Minister Praises Japanese Support for Yemen

The Under-Secretary of the Ministry of Foreign Affairs and Expatriates for Political Affairs Dr. Mansour Bagash expressed gratitude and thanks to the Japanese government for its constant support for Yemen and its significant contribution to the humanitarian and relief actions.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

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: ، 2026/10/15 Time 01:49:06
Latest News:

Yemen Calls on Arab Countries to Designate Houthi Militias as Terrorist Organization

Coalition Intercepts and Destroys Cruise Missile in Medina Region

Yemeni Rights Network Documents 219 Houthi Violations in Taiz in 48 Hours

European Union Calls on Houthi Militias to Lift Siege on Taiz, Allow Food Supplies to Enter the City

Government Calls for Urgent UN Action to Lift Siege on Taiz

Treasury bonds totaling 100 billion YR to be issued

[28/10/2018 01:16]

RIYADH-SABA
Prime Minister Dr Ma'een Abdulmalik chaired Sunday a meeting of the Committee on Treasury Bonds which established a republic decree no 18 of 1995.

The meeting devoted to discuss a request by Finance Ministry for issuing treasury bonds, certificates of deposit with a total cost 100 billion Yemeni Rial (YR) to cover the budget's deficit from non-inflationary sources.

Minister of Finance Ahmed Al-Fadhli cited fiscal challenges facing public finance due to scarce sources and risks of overdrafts. He also pointed out to the decision of the Board of Directors of the Central Bank of Yemen (CBY) about the request of Finance Ministry in which it asked authorization to the CBY to get a loan totaling 100 billion (YR) from non-inflationary sources by issuing certificates of deposit at rate profit 27% and Government's bonds with 17% profit as well as contracts of power of attorney addressed to Islamic banks.

Governor of the CBY presented a report about the government fiscal liability in the CBY. He also notified the government about measures to be taken by the CBY at the beginning of 2019 concerning to overdrafts and the importance of taking practical steps to gradually bring down public debt, particularly by the CBY.

The Prime Minister urged full transparency about public finance by making all financial data public.

He also ordered to provide the Council of Ministers with a detailed report at its first meeting.