Board of Directors of Central Bank of Yemen Calls on Government to Keep on Economic, Financial Reforms

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Board of Directors of Central Bank of Yemen Calls on Government to Keep on Economic, Financial Reforms

[29/01/2023 06:03]

Aden - Saba

The Board of Directors of the Central Bank of Yemen(CBY) held, today, Sunday, in the interim capital Aden its first session of this year 2023.

The Governor of the bank Ahmed Ahmed Ghaleb chaired the meeting which devoted to discuss a number of issues on its agenda on top of all indicators related to the macro-economy of last year 2022.

The discussions touched upon the outcomes of the initial actual implementation of the State’s general budget for the fiscal year 2022, internal and external public debt, balance of payments, external reserves and the prospects for their future developments.

The Board of Directors of the CBY reiterated its support for the measures taken by the government to avoid any negative repercussions of unfavorable policies that may increase pressure on the national currency exchange rate and prices.

The bank urged the government to go on the economic and financial reforms, handle imbalances and correct the wrongs as this is in the best interest of our country and peoples. And towards donors from among brothers and friends, in a way that serves the common

The Board of Directors of the CBY called on the State's constitutional institutions to support the government's and the CBY's efforts to implement the reforms program, establish effective coordination and integration between fiscal and monetary policy and maintain the relative stability of the national currency exchange and the average prices.