The external debt increased by $262 million in the first half of 2014 compared to the same period in 2013, according to a report issued by the CBY
Yemen spent $975 million to import fuel for domestic use during the period of January-April, according to a report issued by the CBY
said the value of the riyal continues to improve against foreign currencies because of the quick measures implemented by the government to correct mistakes in the exchange market, reported the Al-Masdar website.
Furthermore, the CBY
's budget recorded a slight decrease estimated at YR 1.4 billion to score the current balance amounting YR 2.5 trillion, and the net claims on the government decreased in March about YR 3 billion from February to record a balance due of YR 1.88 trillion.
Commercial banks have raised the interest rate on loans in Yemeni riyal from 19 percent to 27 percent, in response to the Central Bank of Yemen (CBY
)'s decision to increase the interest rate on Yemeni riyal deposits in commercial banks from 12 to 20 percent.
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[24/April/2019] SANAA, April 24 (Saba) - President, Mahdi al-Mushat, on Wednesday met in the capital Sanaa with Central Bank of Yemen (CBY
)'s Governor Dr.
ADEN, March 20 (KUNA) -- President Abdrabbuh Mansur Hadi appointed Hafez Me'yad as the new governor of the Central Bank of Yemen (CBY
) on Wednesday.
Topics relating to early economic recovery, income-generate projects and transferring the funds allocated to WFP's projects through the Central Bank of Yemen (CBY
) were also touched upon.
By October 1, the rial had exponentially depreciated to 800 rials per USD, before Saudi's recent $200 million cash infusion to the Central Bank of Yemen (CBY
) lowered it to 700.
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