President al-Alimi highly appreciates Saudi-Emirati ongoing mediation to de-escalation in eastern governorates
His Excellency (HE) President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (OLC) met today, Saturday, with the Advisory Board to discuss recent developments in the governorates of Hadhramaut and al Mahra and the Saudi-Emirati ongoing mediation to protect civilians and facilitate the withdrawal of armed elements affiliated with the South Transitional Council (STC) from the two governorates.
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Last Update: ،
2025/12/28
Time
09:43:50
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Latest News:
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UK REAFFIRMS COMMITMENT TO YEMEN'S UNITY AND SOVEREIGNTY
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 -
President al-Alimi highly appreciates Saudi-Emirati ongoing mediation to de-escalation in eastern governorates
Legitimacy-Backing Coalition Says Will Deal with All Military Moves that Counter De-Escalation Efforts
A government source confirms full support for Saudi-Emirati mediation to end escalation and for withdrawal of the Transitional Forces from Hadramout, al-Mahrah
UK REAFFIRMS COMMITMENT TO YEMEN'S UNITY AND SOVEREIGNTY
Leadership Council Chairman Presides Over Meeting of National Defense Council
Arab Parliament Reaffirms Support for Yemen's Unity and Government
Yemen Ambassador, Chinese Official Discuss Yemen Developments
Jordan welcomes Saudi Arabia's statement on recent developments in Hadramawt and Al-Mahra
Sultanate of Oman appreciates Saudi efforts to to address the situation in Hadramawt and Al-Mahra
Egypt reaffirms its unwavering support for the legitimate government 
