Prime Minister visits power stations in Aden, directs implementation of measures to increase generation
Prime Minister Salem Saleh Bin Breik conducted Sunday a field visit to several electricity generation stations in Aden to inspect their current conditions.
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.
Portugal Wins UEFA Nations League Title
Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.
Last Update: ،
2025/06/15
Time
11:01:06
Latest News:
Newly Appointed Judges to Supreme Court Take Oath of Office
Health Minister Chairs Expanded Meeting of Medical Emergency Committee
Leadership Council Chairman Holds Phone Call with Djiboutian President
UN envoy calls on Security Council to exert maximum pressure on Houthis to release UN staff
Yemen Expresses Aspiration for Genuine and Sustainable Peace Based on Agreed upon References
Latest News:
Newly Appointed Judges to Supreme Court Take Oath of Office
Health Minister Chairs Expanded Meeting of Medical Emergency Committee
Leadership Council Chairman Holds Phone Call with Djiboutian President
UN envoy calls on Security Council to exert maximum pressure on Houthis to release UN staff
Yemen Expresses Aspiration for Genuine and Sustainable Peace Based on Agreed upon References
Central Bank: Exhaustion of foreign reserve complicated fiscal situation
[28/10/2017 07:06]
ADEN-SABA
Exhaustion of foreign reserve, amounted to USD 5.4 billion in 2014 to less than USD 600 million in May 2016, has led to suspension of the bank's foreign accounts by client banks, said a report issued by the Central Bank of Yemen in the transitional capital of Aden.
"Depleting the foreign reserve led to running down solutions for tackling the bank's situation and its failure of fulfilling internal commitment in paying salaries since July 2016 and its failure since May 2016 of honoring foreign commitments of paying foreign debts," added the report.
According to the report, the depletion of the foreign reserve has also led to running out cash reserve of the national currency during the same period and resorting to pump old banknotes- to be wasted- to the markets, as well as the bank's failure of printing banknotes and receiving foreign debts.
The report pointed out to efforts and successes achieved by the bank's leadership, which started since the first day on preparing a short-term plan. The plan covered the final quarter of the year 2016 till September 2017.
The leadership of the bank communicated with the International Monetary Fund and the World Bank on October 2017 and agreed on providing technical and consultative support to the central bank in Aden, including informative systems for fighting money laundering and financing terrorists, said the bank's report.
Exhaustion of foreign reserve, amounted to USD 5.4 billion in 2014 to less than USD 600 million in May 2016, has led to suspension of the bank's foreign accounts by client banks, said a report issued by the Central Bank of Yemen in the transitional capital of Aden.
"Depleting the foreign reserve led to running down solutions for tackling the bank's situation and its failure of fulfilling internal commitment in paying salaries since July 2016 and its failure since May 2016 of honoring foreign commitments of paying foreign debts," added the report.
According to the report, the depletion of the foreign reserve has also led to running out cash reserve of the national currency during the same period and resorting to pump old banknotes- to be wasted- to the markets, as well as the bank's failure of printing banknotes and receiving foreign debts.
The report pointed out to efforts and successes achieved by the bank's leadership, which started since the first day on preparing a short-term plan. The plan covered the final quarter of the year 2016 till September 2017.
The leadership of the bank communicated with the International Monetary Fund and the World Bank on October 2017 and agreed on providing technical and consultative support to the central bank in Aden, including informative systems for fighting money laundering and financing terrorists, said the bank's report.
Key words:
SABA Exhaustion - "Depleting - International - According - - transitional - consultative - communicated - commitments - informative -
Prime Minister visits power stations in Aden, directs implementation of measures to increase generation
Newly Appointed Judges to Supreme Court Take Oath of Office
Health Minister Chairs Expanded Meeting of Medical Emergency Committee
Leadership Council Chairman Holds Phone Call with Djiboutian President
UN envoy calls on Security Council to exert maximum pressure on Houthis to release UN staff
Yemen Expresses Aspiration for Genuine and Sustainable Peace Based on Agreed upon References
President al-Alimi Offers Condolences for Indian Plane Crash Victims
Tariq Saleh chairs joint meeting to discuss executive plan for preparation of master plan for Al-Khokha city
Yemen Participates in International Science and Technology Conference Preparations
Yemen calls on Iran to cease its destabilizing behavior and warns of the Houthi threat to shipping.
