Taiz Governor Discusses Cash Shortages, Food Supply Stability with Central Bank

Taiz Governor Nabil Shamsan held a meeting with the Central Bank, the Chamber of Commerce and Industry and local banks to discuss solutions to cash shortages impacting traders, their repercussion on food prices and exchange rates and ways to ensure stable food supplies at affordable prices.

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Last Update: ، 2026/11/11 Time 04:55:08
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Taiz Governor Discusses Cash Shortages, Food Supply Stability with Central Bank

[11/11/2026 04:45]

TAIZ – SABA
Taiz Governor Nabil Shamsan held a meeting with the Central Bank, the Chamber of Commerce and Industry and local banks to discuss solutions to cash shortages impacting traders, their repercussion on food prices and exchange rates and ways to ensure stable food supplies at affordable prices.

The meeting highlighted challenges facing the commercial and banking sectors, particularly the shortage of cash needed to import food, high inter-governorate transfer fees, and their impact on essential commodity prices.

Governor Shamsan stressed the importance of facilitating banking and commercial procedures, addressing obstacles facing traders and coordinating efforts to maintain food stocks and ensure the availability of basic commodities at reasonable prices.

For his part, Central Bank branch director Ammar Yasser reaffirmed the bank’s commitment to strengthening oversight, combating the black market and currency speculation, and taking legal action against violators.

The meeting concluded with a call for stronger coordination between local authorities, the Central Bank, commercial institutions, and banks to ease financial and commercial challenges, stabilize food supplies and reduce the burden on citizens.