CBY finishes procedures to approve commodity imports totaling $61 million

Yemeni Ambassador Discusses Developments in Yemen with Czech Parliament Speaker

Yemen’s Ambassador to the Czech Republic Mohammed al-Hadhrami discussed Tuesday with Czech Parliament Speaker Tomio Okamura the latest developments in Yemen.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/27 Time 08:25:34
Latest News:

Aden Governor Discusses with UNICEF Strengthening Interventions in Water, Education

Green Climate Fund Approves Project Worth $28 Million to Develop 'CWIMEWS' in Yemen

Yemen, China Discuss Development and Humanitarian Cooperation

President al-Alimi Calls on Europe to Designate Houthis as Terrorist Organization

Report Documents Houthi Violations Against 107 Women and Children in Taiz

CBY finishes procedures to approve commodity imports totaling $61 million

[24/10/2018 03:39]

ADEN-SABA
Central Bank of Yemen (CBY) has accomplished necessary measures to cover credits for commodity imports through withdrawing from the Saudi deposit, fifth payments with total amount $61 million.

Approvals are also issued for the belated credits of the previous payment with total sum $66 million.a

Governor of CBY Dr Mohammed Zimam told the Yemeni News Agency (Saba) that drawing mechanisms have become simplified take less than seven days to be finished and cover all credits submitted from all provinces including the Hudramout traders' credits which all have been approved to import rice commodity, other credits will issued on Sunday.

Zimam stated that all credits will be carried out on Sunday so that merchants are notified to supply their money in the Yemen Rial (YR) to the CYB starting from tomorrow Thursday until Sunday.

Foreign exchange rate against US dollar is $1 for 585 (YR) until Monday October 29. This price for importing basic commodities.