Zimam confirms depositing Saudi grant in the CBY

Security Committee in Taiz discusses military, security developments

The Security Committee in Taiz held a meeting Monday chaired by the Governor and Committee President Nabil Shamsan to discuss military and security developments and efforts to enhance security and stability in the governorate.

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: ، 2025/06/16 Time 11:34:21
Latest News:

Prime Minister Pledges Support for Youth-Led Community Initiatives

Yemen Ambassador Discusses Enhanced Cooperation with Japanese State Minister

Food Crisis Deepens: IPC Analysis Reveals Alarming Trends

Prime Minister visits power stations in Aden, directs implementation of measures to increase generation

Newly Appointed Judges to Supreme Court Take Oath of Office

Zimam confirms depositing Saudi grant in the CBY

[03/10/2018 02:05]

ADEN-SABA
The Governor of the Central Bank of Yemen (CBY) Dr. Mohammad Zimam has confirmed that the Saudi grant directed by the Custodian of the two Holy Mosques King Salman Bin Abdul-Aziz, estimated at USD 200 million, has been deposited on Wednesday in the bank in Aden.

Zimam valued the brotherly support of Saudi officials led by King Salman and his Crown Prince Mohammad Bin Salman for their care of economy in our country and providing financial aid, which help alleviating severe economic conditions and reviving the Yemeni Rial.

" We always have been witnessing the Kingdom of Saudi Arabia standing by Yemen in different stages and conditions like quick rescue of deterioration of the Yemeni Rial," said Zimam, adding there are other measures the government and the Central Bank are taking to stop deterioration of the Rial and reviving the economic situation.

The Saudi new grant of USD 200 million is added to the USD one billion deposited in 2012 and to the two billion deposited early 2018, in addition to the oil monthly grant of USD 60 million, which their revenues go to the bank in Aden, said Governor of the CBY Zimam.

He confirmed that he will not allow playing with the currency, warning the private banks and money exchangers of doing anything harm the national economy and the exchange price.

Measures against the spoilers of national economy will face strict legal measures with the help of regional and international concerned bodies.

He pointed to the bank's current measures of improving humanitarian conditions via helping the commercial banks of increasing imports of basic goods to the people.