$170 million total amounts of withdraws from Saudi deposit to import basic commodity

President al-Alimi Affirms Strict Commitment to Enforcing Sovereign Decisions, Warns of Rebellion against Yemen’s, Region’s Security

His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, received Wednesday Ambassador of the United States of America to Yemen Steven Fagin.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

China's ETF market hits record $855.6

The combined scale of China's exchange-traded funds (ETFs) has hit a record 6.02 trillion yuan ($855.6 billion), up more than 2.2 trillion yuan from the end of last year, Shanghai Securities News reported Saturday, citing data from Choice, a financial information provider.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/01 Time 07:01:51
Latest News:

Taiz Military and Security Committee Supports President's Emergency Declaration

OIC reiterates its support for Yemen sovereignty, unity, territorial integrity

Ministry of Foreign Affairs Welcomes Statements Supporting Yemen's Unity, Sovereignty

Foreign Minister confers with U.S. Ambassador over bilateral relations

President al-Alimi Affirms Strict Commitment to Enforcing Sovereign Decisions, Warns of Rebellion against ..

$170 million total amounts of withdraws from Saudi deposit to import basic commodity

[03/11/2018 07:07]

ADEN-SABA
Governor of Central Bank of Yemen (CBY) Mohammed Zemam said the bank approved last week three payments withdraws from Saudi deposit with total sum $170 million. The amount considered to be the fourth and fifth payments and some remaining amounts of the second and third payments.

Zeman told the Yemeni News Agency (Saba) that these amounts distributed to the banks which submitted requests for foreign currency to cover the costs of imports of wheat, rice, sugar, milk and corn.

He stated that Yemeni Rial (YR) exchange rate is 585 (YR) for $1 dollar to import basic commodity.

Zeman explained that the $170 million distributed as follow: $98 million, 162, 515 for wheat, $33 million, 321, 026 for rice, $20 million, 374,512 for sugar, $1 million, 720,000 for milk, $12 million, 722,915 for cooking oil and $3 million, 626,612 for corn.

He stated that mechanism of withdraw from the Saudi deposit has become clear and easy thanks for cooperation by Saudi Finance Ministry.

" CBY now is processing two payments per week to get approval that only takes five day work", Zemam said.

The CBY held a meeting Saturday with Managers of banks in the temporary Aden devoted to discuss several topics relating to banking sector business.