[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.
Health Minister discusses with WHO emergency operations project
Planning Minister seeks Japanese's support for infrastructure of services
Yemen participates in the 7th China-Arab States Expo
Health Minister Calls for Teamwork Ahead of Key Health Summit
Leadership Council Chairman Sounds Alarm on Iranian Arms Transfers to Houthis
Foreign Minister Meets with UNFPA Resident Representative
Tareq Saleh follows Up relief efforts for flood victims Hodeida
Cabinet Discusses Recent Developments, Government Performance, and Disaster Response Efforts
Taiz Governor Discusses Development Projects with Swiss Agency and UNICEF Representatives
Prime Minister Meets with Dutch Ambassador to Discuss Cooperation and Development