Central Bank discusses with European ambassadors reasons behind national currency deterioration

Yemen stresses importance of continuing enhance capabilities to achieve regional security

The Republic of Yemen is participating in the meetings of the Board of Governors of the International Atomic Energy Agency, which were attended by a delegation headed by the Yemeni Ambassador and Permanent Representative to the United Nations Office at Vienna, Haitham Shuja'aldin.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/23 Time 01:13:21
Latest News:

Taiz Deputy Governor receives project to network Madam Valley Flood Channel

Taiz Deputy Governorate discusses with Resident Representative for Humanitarian Affairs strengthening ..

Health Minister says German interventions in health sector were useful

Yemen and Jordan Strengthen Bilateral Cooperation in Food and Drug Sectors

President al-Alimi receives credentials of Russian Federation Ambassador

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.