Leadership Council Chairman Meets Gulf Cooperation Council Ambassador
His Excellency President Rashad al-Alimi, Chairman of the Presidential Leadership Council, met with Ambassador of the Gulf Cooperation Council (GCC), Sarhan Al-Muneekhr, to discuss political and economic developments in Yemen, progress in comprehensive reforms and their positive impact on Yemen's currency exchange rate, regional and international support needed to consolidate successes and end humanitarian suffering caused by Houthi militia backed by Iran.
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Last Update: ،
2025/11/27
Time
02:23:39
Latest News:
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Latest News:
Agriculture Minister Honors 26 Rural Women on World Food Day and Rural Women's Day
Medical Conference Calls for Establishment of Specialized Vascular Surgery Hospital in Aden
Yemen Participates in Annual International Meeting of WHO Laboratory Networks in France
Houthi Landmine Explosion Kills Two Civilians in Yemen's Nehem District
British Delegation Acknowledges KSrelief's Efforts in Yemen
CBY takes measures to keep prices of Yemeni Riyal stable
[31/07/2018 08:20]
CBY takes measures to keep prices of Yemeni Riyal stable
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
ADEN-SABA
The Central Bank of Yemen approved on Tuesday withdrawal of the first batch of Saudi deposit to cover bank's credits.
The value of the first batch is USD 20.4 million.
The bank approved also the second batch of the banks' demands for covering credits from Saudi deposit and finalizing measures of payment within approved mechanisms and agreement on issuing certificates of deposits to commercial banks by the ratio of 17 percent.
The board of the bank agreed on issuing government receipts with a benefit amounting to 12 percent for different periods from one to three years and issuing accredit deposit to Islamic banks with net profit of 13 percent in accordance with mechanism of legal controlbodies.
The meeting approved the report of the bank's controlling sector and results of the field visit to inspection technical teams and approved closure of all violated money exchange shops and referring them to specialized bodies to take legal action against them.
The CBY's board called all citizens and traders not to be dragged by propagandas of exaggerating the prices of foreign currencies, which leave huge economic damages across Yemen.
The bank confirmed commitment of covering appropriate credits with financing from the Saudi deposit estimated at USD 2 billion.
He confirmed that all mechanism for paying from the Saudi deposit has become executed and easy paying under conditions made by the central bank.
Key words:
controlbodies - stable ADEN - certificates - exaggerating - specialized - propagandas - appropriate - controlling - inspection - commercial -
Leadership Council Chairman Meets Gulf Cooperation Council Ambassador
Medical Conference Calls for Establishment of Specialized Vascular Surgery Hospital in Aden
Yemen Participates in Annual International Meeting of WHO Laboratory Networks in France
Houthi Landmine Explosion Kills Two Civilians in Yemen's Nehem District
British Delegation Acknowledges KSrelief's Efforts in Yemen
Information Minister Urges Lebanon to Shut Down Houthi Media Outlets Operating from Beirut
President al-Alimi: We're determined to go on controlling, accountability, combating corruption
President al-Alimi highly praises Emirati support for electricity in Yemen
Taiz Governor Discusses with UN Resident Representative Coordination of Efforts to Ensure Continuity of Humanitarian, Development Services
Leadership Council Reaffirms Support for Comprehensive Reforms and Praises Military Readiness
