Treasury bonds totaling 100 billion YR to be issued

Foreign Minister: Empowering State To Protect Its Sovereignty, Coasts Cornerstone For Bab al-Mandeb Security, International Navigation Safety

The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba stated that the Yemeni state undertakes its constitutional and sovereign responsibility to protect its citizens, lands, coasts, ports and territorial waters, and that enabling its institutions to carry out this responsibility is a key element for the security of Bab al-Mandeb, the Red Sea and international navigation and trade.

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.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

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: ، 2026/09/10 Time 10:10:47
Latest News:

Foreign Minister Discusses Developments, Houthi Escalation with U.S. Chargé d’Affaires

President al-Alimi: Yemen's Defensing of Bab al-Mandeb Defensing of Security of Global Shipping Lanes, ..

Yemen Ambassador Discusses Media Cooperation with Cuban News Agency

Yemen Rights Network Documents Over 36,000 Houthi Violations Against Children

Yemen Condemns Israeli Prime Minister’s Unauthorized Entry into Syrian Territory

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.