[02/04/2026 07:37]

ADEN – SABA
The National Committee for Regulating and Financing Imports discussed, during its meeting held on Thursday and chaired by the Governor of the Central Bank of Yemen, the Chairman of the Committee Ahmed Ghaleb, the latest developments in the committee's work and its affiliated executive, technical and advisory committees.

The committee, in the presence of the Minister of Industry and Trade, the Deputy Chairman of the Committee, Mohammed al-Ashwal, listened to reports from members representing other relevant bodies on the level of implementation of the mechanism for regulating and financing imports.

It approved a number of measures aimed at facilitating and accelerating the processing of import requests, especially for food, medicines, and petroleum derivatives, in a manner that ensures compliance with approved regulations and standards.

The committee also reviewed a report submitted by the Customs Authority on the progress of implementing legal procedures at land and sea ports, and the level of adherence to the committee’s instructions and Presidential Leadership Council Resolution No. (11) of 2025, in a way that enhances efforts to combat smuggling and tax and customs evasion, and to protect public resources.

The committee assigned the Governor of the Central Bank, as Chairman of the Committee, to address the Presidential Leadership Council and the government regarding certain violations that hinder the implementation of regulatory measures, due to their direct impact on exchange rate stability, commodity prices, and state revenue collection.

The committee also discussed the repercussions of regional developments on supply chains, transportation and insurance costs, and commodity prices. It reviewed the supply situation and stock levels of essential goods and petroleum derivatives, with the concerned authorities confirming the availability of stock and the continuation of efforts to contain any negative impacts.

The committee listened to a briefing from the Central Bank Governor on economic and financial developments, including the results of Article IV consultations with the International Monetary Fund, and visits by international development partners.

It also discussed the liquidity situation and the measures taken to address cash hoarding for speculative purposes, along with consistent actions to deal with it.

The committee emphasized importance of maintaining the stability of the national currency exchange rate and strengthening market oversight to control prices, in line with monetary policies and import financing mechanisms.

At the conclusion of its meeting, the committee called on all government entities and the private sector to enhance cooperation and adhere to the implementation of import regulation procedures, in a way that contributes to protecting the national economy and achieving stability.

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