CBY convenes on monetary policy and banking

Amb. Shammar Looks for Further Yemeni-Bulgarian Cultural Cooperation

The Chargé d' Affaires of the Embassy of the Republic of Yemen in Sofia, Bulgaria, Ambassador Ahmed Shammar, met today with the Director of the Bulgarian National Library, Professor Kalina Ivanova.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

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: ، 2026/07/29 Time 09:46:36
Latest News:

Prime Minister: Aden Tops Government Priorities

Al-Arada Calls for Stronger Action Against Iranian Support for Houthis

Yemeni Ambassador, Russian Agency Chief Discuss Expanding Education Links

Al-Khabbashi Praises Efforts to Settle Disputes, Underlines Importance of Developing Technical Education

Lahj Governor Calls for Broader Development Cooperation with Danish Refugee Council

CBY convenes on monetary policy and banking

[16/05/2018 02:51]

ADEN-SABA
The Central Bank of Yemen, chaired by its governor Mohammed Zammam, convened a broad meeting on a number of issues related to monetary policy and banking.

The meeting which brought together the governor's deputies and the managers of private banks, commerce chambers, money exchange business and other companies discussed the CBY's accomplished missions and future trends.

Dr. Zammam reiterated the CBY's commitment to cover the finance of importing staple commodities such as wheat, rice, sugar, milk and cooking oil through letters of credit opened with official banks across the country as of the beginning of next June. That will be possible know thanks to the Saudi deposit of $ 2 billion.

He said that they are coordinating with the Prime Minister and the Minister of Finance to pay the salaries of public employees to their bank accounts. He said that there is an improvement in the status of the Central Bank and the availability of cash. He said that soon the committee in charge of determining the price of the Yemeni Riyal exchange rate against the US dollar will soon assume its role and set a realistic exchange rate.