Central Bank reviews implementation mechanism for covering imports from abroad with Private Sector

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Central Bank reviews implementation mechanism for covering imports from abroad with Private Sector

[11/08/2025 06:03]

ADEN - SABA
Deputy Governor of the Central Bank of Yemen Mansour Rajeh held Monday meeting with Representatives of the Private Sector.

The meeting reviewed the implementation mechanism for covering imports from abroad according to the mechanisms and regulations approved by the National Committee.

It emphasized the importance of this process in achieving monetary stability, price stability, preventing speculation in the exchange rate, and mitigating the negative effects resulting from the classification of the Houthi militias as a terrorist organization.

This aims to protect the financial and commercial sectors and ensure the continuous flow of goods from abroad, thereby providing food security.

The meeting detailed the procedures and steps for traders to complete currency exchange and external transfer processes to cover their imports from abroad according to specified standards and requirements.

It also discussed how banks and exchange companies would submit requests and the process for addressing them, ensuring daily cash supply operations in Yemeni rials to bank accounts.

This is intended to facilitate the supply of essential and necessary imports and ensure their sustainability.