Central bank will see improvement in its institutional structure, says governor

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Central bank will see improvement in its institutional structure, says governor

[26/03/2019 06:35]

ADEN-SABA
The newly appointed governor of Yemen's central bank, Hafedh Mi'ayad, said in the coming period of time the bank will see an improvement in its institutional structure.

Presiding over a meeting of the bank's senior staff here today, he elaborated that the improvement will take place through several measures including restoring the monetary cycle and building close relations with commercial and Islamic banks and creating opportunities to revitalize economic life.

He said the bank will be restructured to keep up with the modernizations in counterpart central banks in the region.

Separately the governor met the visiting head of the EU Delegation to Yemen Antonia Calvo-Puerta and her companions.

He said the bank's management welcomes any support from the EU. Calvo-Puerta affirmed the willingness of the EU to offer support in the field of staff training to develop the bank's capacity.