SAMA to provide technical support to CBY

Member of PLC al-Khanbashi Launches Yemeni Cultural Summit in Mukalla

Member of the Presidential Leadership Council Salem al-Khanbashi, the Governor of Hadramout, inaugurated the Yemeni Cultural Summit in Mukalla on Saturday and officially opened the Arts Zone project, implemented by the Hadramout Foundation for Culture with joint funding from the European Union, the British Council, and UNESCO.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

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: ، 2026/05/16 Time 02:52:11
Latest News:

Al-Khanbashi Reviews Preparations for Government-Local Partnership Conference and Fuel Supply in Hadramout

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, ..

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees in Yemen

SAMA to provide technical support to CBY

[10/05/2017 04:46]

Riyadh (Saba)- Prime Minister Ahmed Obaid Bin Daghar on Wednesday discussed with the Saudi Arabian Monetary Authority (SAMA) Ahmed al-Kholaifey the provision of technical support to the Central Bank of Yemen (CBY) to improve its performance and tasks.

The meeting underscored the importance of setting agenda and a cooperation plan between SAMA and CBY to support the legitimate government 's efforts to achieve financial stability and exchange-rate realignment.

It also dealt with the urgent priorities to operate CBY from the temporary capital of Aden and enable it to perform it tasks.

The premier commended the efficiency of SAMA and its experiences in organizing and managing the banking operations, hoping that Yemen can take advantage of these experiences to avoid an entire collapse of CBY after it was manipulated and looted by the Houthi-Saleh militias.

He further referred to the Saudi-Yemeni cooperation in defeating the Iranian plots aiming at destabilizing Yemen and the GCC States and endangering the international navigation, highlighting that Saudi Arabia took bold decisions and confronted these plots.

Al-Kholaifey emphasized that SAMA is ready to provide all aspects of assistances to guarantee the success of CBY in performing its tasks and functions, lauding the historical and distinguished relations between Yemen and Saudi Arabia.