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

CBY Governor discusses capacity building efforts with IMF

The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb discussed today , Friday, with the Head of the Monetary and Capital Markets Department at the International Monetary Fund (IMF) Jihad al-Wazir the technical assistance provided by the Fund to build capacity in aspects of external reserves and foreign exchange management.

Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured

The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.

Japan reveals emergency economic package to manage effects of U.S. tariffs

The Japanese government announced today, Friday, a package of emergency economic measures to counter the negative effects of high tariffs imposed by US President Donald Trump.

Barcelona maintains its lead in the Spanish League with a goal against Real Mallorca

Barcelona has maintained its lead in the Spanish League after defeating Real Mallorca 1-0 in a match from the 33rd round.

Last Update: ، 2025/04/26 Time 05:05:22
Latest News:

Council Member Dr. Abdullah al-Alimi commends British efforts to mobilize international support for Yemen

Kuwaiti Fund for Development inks $1.5 million grant agreement for Yemen

Deputy Foreign Minister Meets with Foreign Ambassadors to Discuss Regional Developments

PM Stresses the Pivotal Role of Women's Training in Leading Advocacy to Strengthen Status and Role of ..

Finance Minister outlines priorities of the temporary capital Aden for stability, economic improvement

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.