SAMA to provide technical support to CBY

President al-Alim: We're determined to protect civilians, correct course of partnership within Coalition to support Legitimacy

His Excellency (HE) President Dr. Rashad a-Alimi, Chairman of the Presidential Leadership Council (PLC), affirmed that the state is determined to protect civilians, uphold its legal standing and maintain unity in its military and security decisions, warning of the danger posed by the escalation of the South Transitional Council (STC) in Hadramout and al-Mahra governorates and the involvement of the United Arab Emirates (UAE) in supporting the rebellion and undermining state institutions.

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: ، 2025/12/31 Time 03:14:40
Latest News:

Yemen Orders UAE Forces to Withdraw Amid Rising Tensions

A republican decree about declaring a state of emergency

President al-Alim: We're determined to protect civilians, correct course of partnership within Coalition ..

Interior Ministry Supports President's Decisions to Counter Armed Rebellion

Coalition Conducts Limited Airstrike on Weapons Shipment at Yemen's Mukalla Port

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.