Treasury bonds totaling 100 billion YR to be issued

Electricity Minister, Libyan Ambassador Discuss Energy Cooperation

Minister of Electricity and Energy Eng. Adnan Al-Kaf discussed on Wednesday in the interim capital Aden with Libyan Ambassador to Yemen Idris Abu Bakr prospects for enhancing bilateral cooperation in the electricity and energy sector.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/07 Time 04:24:40
Latest News:

SABA Office and Midad Hadramout Center Sign Cooperation Agreement

PM Receives Dutch Ambassador in Aden

President al-Alimi: To Bet on Moderate Behavior of Iranian Regime, Its Militias Will Lead to Further ..

Kuwaiti-funded project to furnish 12 Community Colleges in 8 Yemeni governorate

Yemen Joins 10th Session of Indian Ocean Rim Association Dialogue

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.