President Hadi orders preservation of the central bank's independence

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President Hadi orders preservation of the central bank's independence

[16/08/2021 02:31]

ADEN-SABA
President Abd-Rabbu Mansour Hadi has ordered preserving the central bank's independence and taking measures to stop the involvement of banks and money exchange businesses in currency speculation with the Houthi terrorist militia in Sana'a.

Chairing a meeting with the prime minister and board of directors of the central bank, Hadi ordered ensuring a serious surveillance on banks and money exchange businesses and ensuring the relocation of commercial banks' headquarters from the Houthi-controlled Sana'a to the country's temporary capital Aden.

Hadi ordered boosting the bank's control over money supply and ensuring that the monetary policy and market tools are not left in the hands of the money exchangers, speculators and the Houthi militia.

Hadi also directed the government to ensure that the external audit on the bank's accounts is carried out without delay.