Central Bank discusses with European ambassadors reasons behind national currency deterioration

Al-Arada meets with the UN envoy's office, confirms support for UN efforts to successfully implement the agreement to release detainees

Member of the Presidential Leadership Council, the Governor of Ma'rib Sultan al-Arada met Tuesday with a team from the office of the Special Envoy of the Secretary-General of the United Nations to Yemen Hans Grundberg, headed by Radwa Mohammed Nour El-Din, an official in the Political Affairs Department.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/07/01 Time 06:33:20
Latest News:

Al-Arada meets with the UN envoy's office, confirms support for UN efforts to successfully implement ..

Minister of Planning Discusses with Qatar Development Fund, Group (G7+) enhancing cooperation

Prime Minister Stresses Priority of Expanding Rural Water Services

Marib Deputy Governor, IOM Discuss Expanding Humanitarian Response Amid Growing Needs

Planning Minister Holds Separate Talks with Kuwaiti, German Officials

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.