Central Bank discusses with European ambassadors reasons behind national currency deterioration

Saudi Leadership Extends Condolences Over Death of Former Yemeni President Abdrabbuh Mansur Hadi

The Saudi Royal Court announced on Thursday its condolences following the death of former Yemeni President Field Marshal Abdrabbuh Mansur Hadi, who passed away after decades of public service devoted to Yemen and its people.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/28 Time 08:01:22
Latest News:

Presidency Mourns Former Yemeni President Field Marshal Abd-Rabbu Mansour Hadi

Yemen Strongly Denounces Aggressive Attacks Against Kuwait

Presidential Leadership Council Member Al-Arada Performs Eid al-Adha Prayers with Worshippers, Receives ..

Leadership Council Members, PM Perform Eid al-Adha Prayers with Worshippers in Aden

President al-Alimi Congratulates Kings, Emirs, Presidents of Arab Countries on Eid al-Adha

Central Bank discusses with European ambassadors reasons behind national currency deterioration

[15/10/2024 07:51]

ADEN - SABA
The leadership of the Central Bank of Yemen, chaired by the Deputy Governor, Dr. Mohammed Omar Banajah discussed Tuesday with ambassadors from European countries several topics related to the implementation of the July 2024 agreement, which was conducted under the auspices of the UN envoy.

The meeting included ambassadors from the European Union, France, Netherlands, Germany, Romania and of Greece, and advisor Luis Miguel. They discussed the reasons for the rapid and sharp fluctuations in the exchange rate of the national currency against foreign currencies.

During the meeting, the Deputy Governor explained that the Central Bank of Yemen has fully responded to all agreed-upon items with the UN envoy, including the cancellation of all procedures related to withdrawing the SWIFT system from banks that did not move their operations to Aden.

He noted that the other party has not taken any tangible steps and has not even issued a statement expressing goodwill.

Regarding the sharp fluctuations in the exchange rate, Banajah pointed out that these fluctuations are an inevitable result of the deteriorating economic situation in the country, which directly affects the banking and financial sector.

He affirmed that the Central Bank's management is working hard to overcome these challenges by using available monetary policy tools.