The CBY discusses positive impacts of Saudi deposit

Marib Explores Expanded Humanitarian Partnership with Turkish Aid Agency

Marib's Deputy Governor Dr. Abdrabuh Miftah discussed with the Turkish Cooperation and Coordination Agency (TİKA) ways to expand humanitarian, relief, and development assistance in the governorate to help address growing humanitarian needs and support displaced families and host communities.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/20 Time 05:38:18
Latest News:

Cabinet Reviews Current Developments, Enhance State Institutions Readiness

Head of Civil Status Authority Discusses Strengthening Cooperation with UNICEF Delegation

President al-Alimi: We Established Firm Deterrence Equation, Doors Remain Open to Fair Peace

Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace

Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan

The CBY discusses positive impacts of Saudi deposit

[23/01/2018 02:56]

ADEN-SABA
The Central Bank of Yemen(CBY) held its first meeting of 2018 on Tuesday in the interim capital Aden. The session chaired by the governor of the CBY Munassar Al-Qoa'iti and attended by Minister of Finance Ahmed Obeid Al-Fadhli.

The meeting aimed to discuss how to better use the Saudi deposit totaling $2billion to improve the value of the Yemeni national currency.

The meeting touched upon the requirements of regulating the foreign exchange market and aspects of using the currency exchange businesses to increase the foreign reserves and prop national currency exchange rate. Given that the CBY is set to undertake the implementation of the government's policy to ensure basic commodity supplies and improve the level of supply in the operating banks in Aden to enable their capacities to run their businesses effectively.

The meeting of the board of directors of the CBY has approved to issue instructions to the banks and businesses of currency exchange to relocate their headquarters in Aden and take necessary measures to put this in place.

The CBY governor touched upon the efforts have been made by the CBY in cooperation with the Ministry of Finance to implement the parameters of the state general budget in 2017 and to activate the CBY's account with the corresponding banks and to build capacities of the bank's workers with great sponsorship by the Saudi Arab Monetary Corporation.