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THE CURRENCY NEWS MAGAZINE : YEMEN PROVIDE LAUNCH PAD FOR NEW FEATURES
6/2/2010
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The Central Bank of Yemen has put a new mid-denomination 250 Rial into circulation, the first time a new note has been issued in the country for II sears. the note was designed and produced by Russian banknote printer and papermaker Goznak and, although traditional in design, contains a number of security features that are making their first appearance in a banknote.
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Governor met the Regional Economic and Financial Consultant of the French Embassy in Emirates
3/2/2010
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Mr. Ahmad Abdurahman Alsamawi, Governor of CBY, met Mr. Pier Morlova , the Regional Economic and Financial Consultant of the French Embassy in Emirates. During the meeting, they reviewed the bilateral relations between the two countries. The governor reviewed the economic and financial developments in the Yemeni and the developments in the banking sector in 2009 from the repercussions of the financial crisis. He asserted that the banking sector was not affected by the financial crisis; he revealed the big results of the crisis on the real sector in our country especially under the decrease of oil revenues which represent more than 90 % of Yemen exports and about 70% of the public treasury resources. The French consultant pointed out that France is ready to present financial and technical assistance to support the reform efforts in Yemen. also Mr. Ibrahim Alnahari, Sub-Governor of External Operations and Research Sector, attended the meeting.
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Governor meets World Bank's mission
3/2/2010
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Ahmad Alsamawi, the governor of the CBY, met with the World Bank's mission that supports the efforts of our country in applying the structural and institutional reforms headed by Andrew stone. During the meeting, they reviewed the existing relations with the Central Bank. The governor pointed out that the World Bank had a crucial role in supporting the reform efforts during the last period. He also confirmed that the CBY is ready to participate in the new program with the World Bank which focuses on strengthening and enhancing the latest development that was achieved and supported the CBY efforts in developing the Yemeni banking sector. Mr.Ibrahim Alnahari, Sub-Governor of External Operations and Research Sector, also attended the meeting.
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IMF Executive Board Concludes 2009 Article IV Consultation with Yemen
28/1/2010
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On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
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RESOLUTION NO.(1) FOR THE YEAR 2010 REGARDING INCREASING INTEREST RATE AT BANKS
17/1/2010
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upon the recommendations of the monetary policy committee; the board decides to increase the minimum interest rate for saving deposit in riyal to be 12 % while leaving the interest rate for the other various kind of deposits to be determined by banks as long as not exceeding the minimum rate ceiling defined by the central bank of Yemen. Issued in this regards the resolution no (1) for the year 2010 by the Governor of Central Bank of Yemen.Download Hear.
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