Central Bank of Yemen withdraws $95 million from Saudi deposit

President al-Alimi convenes meeting of government, local authorities

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) held today, Tuesday, a small government meeting included the governors of the government-held governorates, the Prime Minister, Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani and the Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb.

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 price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

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: ، 2026/04/22 Time 08:13:00
Latest News:

Minister Mashdal Discusses Strengthening Partnership with International Organization for Migration

Minister of Agriculture meets with FAO Director-General

Vice Foreign Minister discusses with Acting UN Resident Coordinator joint cooperation

Yemen Participates in Ministerial Meeting of FAO 38 Session

Ambassador Mousa Discusses Strengthening Cooperation with Secretary-General of Arab Economic Unity Council

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Central Bank of Yemen (CBY) announced that it has withdrawn $95 million of the Saudi deposit.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.