CBY Manager: Saudi deposit a good omen for resolving currency crisis

Minister Mashdal Discusses Human Rights Cooperation with EU Ambassador

Minister of Human Rights Mashdal Omar discussed Sunday, via video conference, with the Head of the European Union Mission to Yemen Ambassador Patrick Simonnet areas of cooperation on issues related to human rights.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

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: ، 2026/03/16 Time 07:27:48
Latest News:

Over 30 civilians killed, injured by Houthi militias attack on Iftar banquet in Hajja

Minister Mashdal Discusses Human Rights Cooperation with EU Ambassador

PLC's Member al-Khanbashi convenes meeting of Security Committee in Hadramout

Prime Minister Receives New WFP Country Director in Aden

Al-Khanbashi Calls for Matrix of Priority Service and Development Projects

CBY Manager: Saudi deposit a good omen for resolving currency crisis

[12/11/2017 05:17]

ADEN-SABA
The Manager of the Central Bank of Yemen (CBY) Munassar al-Qoayti said on Sunday that the Saudi announced deposit of $2 billion to be placed in the CBY "will undoubtedly be a good omen … that a series of measures and economic assistance will bring the normal life back again at a quickened pace."

In a statement to Saba on Sunday, Qoaytisaid the deposit "will be a significant factor to establish firm the trust of the regional and international institutions in the national Yemeni economy."

Al-Qoayti expects stability in the value of Yemeni Rial, regain of normalcy in cities, reconstruction and a boost to the government's good governance and improved functionality of the CBY, as a result of the Saudi promised deposit and a year's supply of oil derivatives to Yemen.

"The current difficulties are on their way to be resolved and the Yemeni rial will rise above its crisis soon," he said.

"The coming days will witness a quality presence of the Central Bank in the capital Aden and all other provinces, mainly the government-held ones."