Central bank withdraws $59 mln from Saudi deposit to finance basic imports

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Central bank withdraws $59 mln from Saudi deposit to finance basic imports

[24/01/2019 12:44]

ADEN-SABA
Yemen's Central Bank confirmed on Thursday it had received an approval to withdraw $22 million and $37 million two new installments from the Saudi deposit to cover the import of basic commodities into Yemen.

In a press release the bank said the processed amounts will cover the import bills for wheat, rice and sugar presented by a number of private banks.

The withdrawal transaction transaction takes no more than 15 days until the cash is transferred to the applicant banks, the press release said.