Central Bank of Yemen Welcomes GCC Support

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Central Bank of Yemen Welcomes GCC Support

[02/09/2025 01:04]

Aden-Saba
The Central Bank of Yemen has welcomed the support extended by the Gulf Cooperation Council (GCC) to help maintain currency stability and promote economic stability in the country.

In a statement, the bank expressed its appreciation for the GCC's backing, which will enable it to continue its efforts in implementing reforms despite the challenges it faces.

The bank also expressed regret over the malicious campaigns it has been subjected to, which aim to destabilize the economy and undermine the progress made in stabilizing the national currency and the ongoing reform process.

The bank warned of the serious consequences of these practices, which violate the law and pose a threat to the stability of the financial sector.

The Central Bank reiterated its caution against attempts to undermine its authority and independence, emphasizing the importance of maintaining the stability of the financial sector and ensuring the smooth flow of supply chains.

It also highlighted the negative impact of unprofessional practices on the economy, citing recent consequences.