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Zammab, British ambassador discuss unifying monetary procedures and policies in Yemen

[31/03/2018 01:21]

RIYADH -SABA
The Governor of the Central Bank of Yemen, Dr. Mohammad Mansour Zammam, discussed today with the UK Ambassador to Yemen Michael Aron the processes being carried out by the CBY in order to unify monetary procedures and policies in Yemen to serve the Yemeni people.

They discussed restructuring and developing the institutional infstructure of the CBY, a project that involves the UK, the United States, Saudi Arabia and the United Arab Emirates – the four countries handling the economicissue of Yemen.

They discussed the ongoing efforts to stop the deterioration of the national currency, that problem that has been negatively impactingpurchasing power of the Yemeni people.

Zammam praised the great role played by Saudi Arabia in all fields, including its $2 billion deposit that helped stabilize the exchange rate of the Yemeni Riyal and helped the CBY to review its monetary policies and to restore its monetary cycle.

The British Ambassador expressed his readiness to continue the technical and financial assistance to CBY as well as support CBY's efforts to reactivate bank accounts with British banks.