Central Bank of Yemen withdraws $95 million from Saudi deposit

Minister Al-Kaf Discusses Enhancing Cooperation in Electricity, Energy with EU Ambassador

Minister of Electricity and Energy, Engineer Adnan al-Kaf discussed Tuesday with the European Union Ambassador to Yemen Patrick Simonnet bilateral relations between Yemen and EU countries.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/31 Time 06:01:28
Latest News:

Yemenia resumes its flights from Aden to Amman

Al-Muharrami discusses latest Developments, Counterterrorism Efforts with US Ambassador

Al-Sharjabi discusses with FAO partnership in water, environment

Prime Minister Affirms Importance of Partnership with European Union

Member of the Presidential Leadership Council, Mahmoud al-Subaihi, receives European Union Ambassador ..

Central Bank of Yemen withdraws $95 million from Saudi deposit

[18/02/2019 12:34]

ADEN-SABA

Central Bank of Yemen (CBY) announced that it has withdrawn $95 million of the Saudi deposit. It is the 16th payment allocated to import basic food commodity .

The CBY said" The Saudi deposit has been allocated to subsidize basic food stuffs for the whole population of Republic of Yemen, without any discrimination in prices of the letters of credits in accordance with 2018 exchange rate of 440 Rial for $1..".

The CBY stated that the banks which submitted applications for coverage of their external credits should go to the CBY to get procedures for opening letters of credits accomplished on Thursday 21 and Saturday 23 of this month February 2019.