Treasury bonds totaling 100 billion YR to be issued

President al-Alimi: Houthi Militias-Controlled Regions Turned into Worst Place to Live on Earth

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) blamed the Iranian regime backed terrorist Houthi militias for the Yemeni people longstanding humanitarian ordeal, particularly in the militias-controlled regions where the fellow citizens are struggling with unspeakable living conditions.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/21 Time 03:41:44
Latest News:

Health Minister, UNICEF Representative Discuss Expanding Support for Yemen's Health Sector

Yemen Calls on ICAO to Uphold International Aviation Law Following Airspace Violation

GCC Rejects Houthi Claims Against Saudi Arabia, Condemns Threats to Maritime Security

Planning Minister, World Bank and IFC Discuss Investment Climate

President al-Alimi: Red Sea Security Shared Yemeni and International Responsibility

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.