CBY Governor discusses capacity building efforts with IMF
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb discussed today , Friday, with the Head of the Monetary and Capital Markets Department at the International Monetary Fund (IMF) Jihad al-Wazir the technical assistance provided by the Fund to build capacity in aspects of external reserves and foreign exchange management.
Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured
The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.
Japan reveals emergency economic package to manage effects of U.S. tariffs
The Japanese government announced today, Friday, a package of emergency economic measures to counter the negative effects of high tariffs imposed by US President Donald Trump.
Barcelona maintains its lead in the Spanish League with a goal against Real Mallorca
Barcelona has maintained its lead in the Spanish League after defeating Real Mallorca 1-0 in a match from the 33rd round.
User Name: Password:
President Hadi urges financial institutions to carry out their constitutional missions
[14/01/2018 02:17]
RIYADH-SAB
President Abd-Rabbu Mansour Hadi has stressed that financial institutions must undertake their constitutional duties, act professionally and responsibly." Financial institutions should activate their action in the technical, monitoring and supervisory domains. Private-owned banks and currency-exchange businesses need to be legally monitored and supervised by governmental authorities in order to maintain Yemeni Rial value and halt its devaluation", said the President.

President Hadi's statement came during his meeting on Sunday with the Minister of Finance Ahmed Obeid Al-Al-Fadhli and Governor of the Central Bank of Yemen Monassar Al-Qoaiti and his Deputy Abbas Al-Basha.

During the meeting the President was briefed on the financial and monetary situation in the country.

Al-Fadhli and Al-Qoaiti gave the President an overview on underway procedures have been taken to make use of the planned Saudi deposit. They also highlighted the important role of the Saudi monetary institution in supporting Yemen and its legal leadership.

President Hadi deeply appreciated Saudi Arabia Kingdom's role and support for Yemen in different fields and times. Most recent pledges of support represented in the outcomes of Hadi's meeting with the Crown Prince, Deputy Premier, Minister of Defense, His Royal Highness, Emir Mohammed bin Salman. a

President Hadi urged the minister of finance and governor of the Central Bank of Yemen to directly supervise over financial and banking business in the interim capital Aden and to coordinate with the government's authorities in order to work out the necessary solutions that can help maintaining the value of national currency.


Presidential Leadership Council Chairman Holds Key Meeting with National Bloc
Leadership Council Chairman Meets with Consultative Body and Political Components
President al-Alimi offers condoles on the death of Pope Francis
President al-Alimi praises development of Yemeni-Mauritanian relations
President al-Alimi commends British efforts to mobilize international support to Yemeni People
President al-Alimi calls on EU to join maximum pressures on Houthi militias
President al-Alimi Receives Ambassador of the United Arab Emirates
Yemen's Ambassador to US takes Oath before President al-Alimi
President al-Alimi convenes a meeting of Foreign Ministry leadership, heads of diplomatic missions
President al-Alimi receives U.S. Ambassador

About Saba News Agency | Usage Agreement | Contact Us