Treasury bonds totaling 100 billion YR to be issued

Yemen Says Houthi Militia Poses Direct Threat to Regional Peace, Condemns Attacks on Gulf Infrastructure

Yemen has affirmed that the Iran-backed Houthi militia poses a direct threat to regional peace and security and to international navigation, saying the group is a tool used to undermine Yemen’s sovereignty and stability, disrupt basic services, and obstruct the delivery of humanitarian assistance to those in need.

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.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

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: ، 2026/03/17 Time 05:29:28
Latest News:

Aden Governor Discusses Improving Postal Services

Minister al-Kaf Discusses Strengthening Energy Cooperation with British Ambassador

Al-Khanbash: Efforts need to be joined to help IDPs

President al-Alimi: The region's stability contingent on deterring Iranian regime, its armed militias

Minister of Local Administration Discusses Efforts to Strengthen Decentralization with German Ambassador

Treasury bonds totaling 100 billion YR to be issued

[28/10/2018 01:16]

RIYADH-SABA
Prime Minister Dr Ma'een Abdulmalik chaired Sunday a meeting of the Committee on Treasury Bonds which established a republic decree no 18 of 1995.

The meeting devoted to discuss a request by Finance Ministry for issuing treasury bonds, certificates of deposit with a total cost 100 billion Yemeni Rial (YR) to cover the budget's deficit from non-inflationary sources.

Minister of Finance Ahmed Al-Fadhli cited fiscal challenges facing public finance due to scarce sources and risks of overdrafts. He also pointed out to the decision of the Board of Directors of the Central Bank of Yemen (CBY) about the request of Finance Ministry in which it asked authorization to the CBY to get a loan totaling 100 billion (YR) from non-inflationary sources by issuing certificates of deposit at rate profit 27% and Government's bonds with 17% profit as well as contracts of power of attorney addressed to Islamic banks.

Governor of the CBY presented a report about the government fiscal liability in the CBY. He also notified the government about measures to be taken by the CBY at the beginning of 2019 concerning to overdrafts and the importance of taking practical steps to gradually bring down public debt, particularly by the CBY.

The Prime Minister urged full transparency about public finance by making all financial data public.

He also ordered to provide the Council of Ministers with a detailed report at its first meeting.