During her meeting with the Governor of Central bank of Yemen (CBY) Ahmed al-Samawi, the WB Vice President Shamshad Akhtar said that the bank would support the CPY to be able to implement banking system reforms all over the country, Yemen news agency (Saba) reported.
Transfers made by Yemeni expatriates in 2008 reached around $410 million, an increase of $89 million from 2007, according to a report issued by the Central Bank of Yemen.
CBY, IMF discuss issuing Islamic instruments in Yemen Governor of Central Bank of Yemen (CBY) Ahmad al-Samawi discussed here on Monday with the International Monetary Fund (IMF)'s mission led by Ghiath Shabsigh the final results the mission has reached in its study on issuing the Islamic instruments in Yemen .
Since beginning of this year, the inflation has witnessed decrease, which would encourage the Central Bank of Yemen (CBY) to reduce price of profits twice on disposes last May based on recommendations of the monetary policy committee.
All sales are made on fob basis and by irrevocable letter of credit from first class international banks to the account of the finance ministry at the Central Bank of Yemen (CBY) in US dollars.
