Central Bank discusses with European ambassadors reasons behind national currency deterioration

CBY Governor: IMF Statement reflects renewed institutional engagement with the international community

Governor of the Central Bank of Yemen Ahmed Ghaleb has said that the International Monetary Fund (IMF) statement on the conclusion of Article IV consultations with the Republic of Yemen reflects an important return to institutional engagement with the international community after a long period of interruption, welcoming the content of the statement.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/04 Time 02:55:26
Latest News:

IMF Executive Board approves results of Article IV consultations with Yemen

KSrelief distributes tents, shelters for rain-impacted families in Marib

Distribution of 400 food parcel to flood-impacted families in Mocha with Kuwaiti suppor

National Committee for Regulating, Financing Imports approves several measures

Yemen, France discuss security cooperation

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.