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2026/09/10
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Latest News:
Minister of Public Works Highlights Chinas' Contribution To Building Highways IN Yemen
Amb. Bahumaid Discusses with Malaysian Official Bilateral Relations
Lt. Gen.al-Subaihi Reviews Field, Military Conditions in Taiz, Stresses High Readiness
Germany Reaffirms Support for Yemen’s Government, Strongly Condemns Houthi Militia Attacks
France Condemns Houthi Attacks on Civilian Infrastructure in Yemen and Saudi Arabia
PM meets follows up with CBY management on interventions to control deterioration of currency value
[16/10/2024 03:21]
ADEN - SABA
Prime Minister Dr. Ahmed Awad bin Mubarak met with the management of the Central Bank of Yemen CBY to follow up on the interventions to control the deteriorating exchange rates of the national currency.
The premier was briefed by the bank leaders on the monetary situation in terms of liquidity indicators, money supply, and price levels, the state of foreign reserves, and developments in public finances in terms of resources and spending, the size of the deficit, and its financing mechanisms, in addition to the urgent measures that have been taken in light of recent developments to curb speculation with the national currency.
A number of measures were agreed on at the level of monetary and financial policies to end currency speculations, stabilize the currency exchange rate and restore the situation to normal and clamp down on manipulation.
Prime Minister Dr. Ahmed Awad bin Mubarak met with the management of the Central Bank of Yemen CBY to follow up on the interventions to control the deteriorating exchange rates of the national currency.
The premier was briefed by the bank leaders on the monetary situation in terms of liquidity indicators, money supply, and price levels, the state of foreign reserves, and developments in public finances in terms of resources and spending, the size of the deficit, and its financing mechanisms, in addition to the urgent measures that have been taken in light of recent developments to curb speculation with the national currency.
A number of measures were agreed on at the level of monetary and financial policies to end currency speculations, stabilize the currency exchange rate and restore the situation to normal and clamp down on manipulation.
Key words:
interventions - deteriorating - manipulation - developments - speculations - SABA Prime - speculation - indicators - management - mechanisms -
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