EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates
The European Union mission in Yemen announced the conclusion of the final phase of the joint program to enhance resilience in rural areas of Yemen, which has benefited more than 2.3 million people in eight governorates.
Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
U.S. President plans to increase tariffs on steel, aluminum imports
U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
User Name: Password:
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.


EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates
Central Bank discusses establishing fast payment company
Foreign Minister Meets with Outgoing Mexican Ambassador
Minister Al-Zawri Discusses Capacity Building and Social Protection with UNHCR Representative
Ministry of Agriculture Signs MoU with Q Sun Foundation to Enhance Media Capacity
Government calls on countries, organizations to address environment disaster over "Magic Seas" sink
Yemen warns against consequences of the Houthis' stubbornness in prolonging conflict
Minister al-Soqotri discusses cooperation with mercy corps
Yemen and South Korea Strengthen Bilateral Relations
Yemen Participates in Fourth Meeting of Southwest Asia Organization (ESCWA

About Saba News Agency | Usage Agreement | Contact Us