Governor of the Central Bank of Yemen Ahmed al-Maabaqi and Deputy Minister of Finance Hani Wahab discussed with representatives of the Statistics Department of the International Monetary Fund (STA), headed by the Fund's Deputy Director of Statistics, Carol Baker, enhancing aspects of cooperation and joint coordination, and technical support needs.
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
Hadi stresses imperative of upgrading Central Bank branches
[21/06/2018 02:56]
ADEN-SABA
President Abd-Rabbu Mansour Hadi has stressed the imperative of upgrading the systems of the Central Bank branches with the latest technological features and facilities. In a meeting with the Central Bank's governor Mohammed Zammam, Hadi highlighted the need to revitalize the e-payments service to lessen the use of paper money.
He also stressed the imperative of financing the government's budget deficit from non-inflationary sources, by resorting to the issuance of securities, bonds and Sukuk in coordination with the Finance Ministry.