To researchers and those interested…

To visitors of the web site of the Central Bank of Yemen (CBY) among the Yemen Government web site network.

From the bottom of our hearts we greet you.

Own dining table is abundant with more recent monetary, banking and financial data.

The spice of this dining table is absolute clarity and transparency.

Throughout, you will notice the great developments achieved by the Republic of Yemen as reflected in the Central Bank data.

By executing the financial and economic reform program, the Central Bank of Yemen fulfilled its obligations in creating suitable monetary and credit environment for a sustainable development and growth of the economy. The success achieved by the Central Bank materialized in curbing inflation and absorbing excess liquidity from the local market in a very short time, through a number of monetary and credit policies and procedures; of which the issue of treasury bills, open market operations (Repo’s), and certificates of deposits (CDs). At the time the bank was able to achieve stability in the free floating exchange rate since the mid of the 1996, CBY has built remarkable foreign reserves which reached a sufficiency of 15 months imports. On the other hand, CBY considerably promoted the banking sector in Yemen. Capital adequacy of the banking sector as a whole rose remarkably from 0.6% at the end of 1997 to 13.0% at the end of 2001. With the above mentioned prudential measures, the Central Bank was able to protect the national economy from crises, which a number of countries suffered around the world.

The monetary and banking reform has coincided with the development and modernization of the work method and productivity of the bank cadres at all levels, taking into consideration the introduction the latest scientific and technological developments suitable for the globalization era. A good example is the contents of the web site of the Central Bank here among (the Yemen Government web site), through which the bank entered the internet, and introduced the latest electronic techniques into its work. A proof of this development is connecting CBY branches with on line system, together with the introduction of SWIFT and Debt Management and Financial Analysis System (DMFAS).

We would like to express our thanks and gratitude to his excellency, Mr. Ali Abdullah Saleh, the President of the Republic of Yemen, and to the successive Prime Ministers for their continuous encouragement and support in achieving stability, growth and development.

Ahmed Abdul-Rahman Al-Samawi

Governor

Central Bank of Yemen