Treasury bonds totaling 100 billion YR to be issued

" New Delhi Declaration" reiterates commitment to Yemen's unity, territorial integrity

The second meeting of the Ministers of Foreign Affairs of the Republic of India and the Arab countries restated its firm commitment to the unity of the Republic of Yemen, its sovereignty, independence and the integrity of its territory, affirming its outright rejection of any interference in its internal affairs, condemning all actions aimed at undermining Yemen's security or affecting its territorial unity.

Israeli Aggression Leaves 71,769 Gazans Martyred, 171,483 Injured

The death toll from Israel's aggression on Gaza since October 7, 2023, has risen to 71,769 martyrs and 171,483 injured, medical sources reported.

S. Korea's exports rise 33.9 percent in January

South Korea's exports jumped 33.9 percent year-on-year to reach $65.85 billion in January, driven by strong demand for semiconductors.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/02/02 Time 01:37:15
Latest News:

Yemeni Government blames Houthi militias for disrupting air navigation, seriously escalating

Member of PLC Tareq Saleh reviews arrangements for launching of commercial flights via Mocha Airport ..

Ministry of Youth and Sports Discusses Saudi Program Preparations to Rehabilitate May 22 Stadium in Aden

Taiz Governor Launches First Yemenia Airways Flight from Mocha International Airport

Aden Governor, UNHCR Discuss Key Infrastructure Projects

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.