The CBY takes measures for alleviating pressure on currency markets, says Zimam

Saudi Crown Prince Offers Condolences to Family of Former President Abd-Rabbu Mansour Hadi

Saudi Crown Prince and Prime Minister, Mohammed bin Salman, extended his condolences and sympathies to the family of former Yemeni President Abd-Rabbu Mansour Hadi during a telephone call with Brig. Nasser Abd-Rabbu Mansour Hadi.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/01 Time 08:48:52
Latest News:

Yemen Condemns Iranian Attacks Against Kuwait

Masam Removes 1,609 Mines, Unexploded Ordnance on May Fourth Week

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

The CBY takes measures for alleviating pressure on currency markets, says Zimam

[11/09/2018 01:51]

ADEN-SABA

Governor of the Central Bank of Yemen Mohammad Zimam has said the bank has taken a number of steps for alleviating pressures on currency markets and providing basic goods to citizens with low prices across Yemen.

In a release issued by the bank's media and banking culture center, Zimam added procedures of finalizing needed measures from concerned institutions in Saudi financial ministry for paying the second batch of the Saudi deposit for supplying the basic substances through a demand raised by the Yemeni trade banks worth more than 62 USD billion.

He pointed out that the bank has provided credits for the same basic goods offered by the commercial banks for sums lesser than USD 200 thousand supplied directly by the Central Bank of Yemen in coordination with the government.

He confirmed that the bank has taken necessary executive measures regarding the Ministers Council's decision No. 76 for 2018 authorizing the Yemeni commercial banks selling USD 2000 to departing citizen from Aden or Sayoon for the purpose of medication abroad and the bank will compensate the trade banks on those funds as soon as receiving their financial claims.

He made it clear that the economic crisis requires integration of government and social efforts, pointing out that a single body cannot face any possible economic collapse.