Governor of CBY holds talks with IMF in Washington

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz conveyed the condolences of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud on the death of former Yemeni President Field Marshal Abdrabbuh Mansur Hadi.

Pilgrims Continue Stoning Ritual on Final Day of Tashreeq

Pilgrims performing Hajj continued the ritual of stoning the Jamarat on Saturday, the third and final day of Tashreeq and the last day of the pilgrimage, as they made their way to the Jamarat Complex to cast pebbles at the three pillars, beginning with the Small Jamarah, followed by the Middle Jamarah, and concluding with Jamarat Al-Aqaba, in accordance with the tradition of Prophet Muhammad (peace be upon him).

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/30 Time 05:47:46
Latest News:

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

Al-Subaihi, PM Receive Condolences in Aden on the Passing of Former President Abd-Rabu Mansour Hadi

President al-Alimi leads funeral procession of former President Abd-Rabu Mansour Hadi

Saudi Leadership Extends Condolences Over Death of Former Yemeni President Abdrabbuh Mansur Hadi

Governor of CBY holds talks with IMF in Washington

[10/04/2019 12:13]

WASHINGTON-SABA

Official talks held here on Wednesday between the Central Bank of Yemen (CBY) and International Monetary Fund (IMF) Mission to Yemen. The discussions took place in the HQ of the IMF in Washington.

The session co-chaired by Governor of the CBY Hafedh Meayad and the Head of IMF Mission to Yemen Albert Jaggier.

The talks focused on topics pertaining to updating, restructuring and institutionalizing the CBY and challenges facing banking system in Yemen.

The governor of CBY detailed the head of IMF and his team about the efforts aiming to update the CBY to bring it up to standard, to activate key departments of the CBY such as Monitoring Section , External Banking Transaction.

Meayad cited the most important challenges facing the CBY, the underway efforts to manage them and the main objectives of the bank's leadership has been seeking to achieve.

He stated that he is working to modernize the CBY, getting it restructured and updated so that it can do its job effectively.

Meayad also cited practical steps have been taken by the CBY to manage the economic hardships, maintain the exchange rate of national currency, regulating the fuels importing procedures under the government decree no 75 of 2018.

He stated that the major challenge facing the CBY and Yemeni government is the closure of the Yemeni banks' accounts in the American and EU banks, noting that this is further exacerbating the humanitarian crisis in Yemen.

The Finance Minister Ahmed al-Fadhli and Yemen's Ambassador to Washington Ahmed Awadh bin Mubark were in attendance.