Treasury bonds totaling 100 billion YR to be issued

Marib Deputy Governor Discusses Humanitarian Interventions with Turkish Associations

Deputy Governor of Marib Abd-Rabu Miftah met Sunday with a delegation from the Turkish associations “Deniz Feneri” and “Al-Khair,” headed by Ufuk Khan Diyar.

Kuwait Condemns Iranian Attack Targeting Its Territory

The State of Kuwait has strongly condemned a “heinous Iranian attack” that targeted its territory on Saturday morning, calling it a flagrant violation of Kuwait’s sovereignty, airspace, international law, and the Charter of the United Nations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/02 Time 12:01:01
Latest News:

Cabinet approves draft budget for fiscal year 2026

Finance Minister signs with Ambassador al-Jaber new Saudi support agreement for Yemen

Prime Minister Receives Letter from Italian Deputy Prime Minister

Yemen Strongly Condemns Blatant Iranian Attacks on Saudi Arabia

Republic of Yemen Condemns Iranian Attacks on Several Sisterly States

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.