The CBY takes decisions to carry out its functions

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish Higher Education Authority

The Yemeni Ambassador to Turkey Mohammed Saleh Turaiq discussed Tuesday with the President of the Turkish Higher Education Authority, Professor Errol Özvar aspects of bilateral cooperation in the academic field and ways to support Yemeni students studying at Turkish universities.

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: ، 2025/07/01 Time 10:07:09
Latest News:

International Rescue Committee, Marie Stopes Health Organization's interventions in remote areas discussed ..

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish ..

Al-Arada discusses developments in Yemen with U.S. Chargé d'Affaires

Parliament Speaker Meets Prime Minister to discuss current developments

President al-Alimi Meets with Parliament Speaker, members

The CBY takes decisions to carry out its functions

[12/04/2018 05:17]

ADEN-SABA
The Central Bank of Yemen (CBY) has taken several decisions aiming to operate its main headquarter in the interim capital Aden. The decisions have been approved by joint meeting included Board of Directors of the CBY and Representatives of the Banks, Chamber of Trade and Industry and private-sector.

The meeting held Thursday presided over by the governor of the CBY Dr Mohammed Mansour Zemmam, in the interim capital Aden.

The decisions included resuming the banking credit coverage of the basic commodities imports, through opening banking credits by national banks around the country. This shall be commenced in the beginning of next June, it shall make use of the Suadi Arabia's $2 billion deposit.

The decisions also included resuming dealing with checks concerning to the public revenues.

The governor Dr Mohammed Zemmam gave keynote speech in which he outlined the CBY action-plan, objectives and mechanism. He stated that the CBY has got 3-month- action plan, affirming that the CBY is responsible for the public debt as official institution. He also noted that expenditures including salaries will be paid through the banks, and mini-banknotes( 100-200-250 YR) will be issued and made available, and old ones will be withdrawn.