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

Al-Eryani Condemns killing five children in Houthi bomb explosion in Taiz

Minister of Information, Culture and Tourism Muammar al-Eryani strongly condemned the horrific crime committed by the Iranian-backed Houthi terrorist militia, which resulted in the death of five children and injury to others in the al-Arsoom area of the al-Hashmah region in the al-Taziah district, northeast of Taiz Governorate over the explosion of a locally-made explosive device.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/13 Time 10:06:57
Latest News:

Parliament's Presidency addresses current developments

Yemen Launches Emergency Polio Vaccination Campaign

PM Launches Emergency Polio Vaccination Campaign

UN Secretary-General Condemns Houthi Attacks on Civilian Vessels in Red Sea

EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates

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.