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2026/09/25
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Latest News:
National Commission for Investigation Meets with EU, Dutch Missions in Geneva to Discuss Developments ..
Foreign Minister Praises Germany’s Stance Against Houthi Attacks, its Contribution to Protecting Freedom ..
Local Authority in Marib Signs Memorandum of Understanding with British Organization to Fund, Implement ..
Al-Alimi Discusses Yemen Developments, Red Sea Security with EU Official
Yemeni-German Cooperation Conference in Berlin
Economic Committee says central bank committed to impartiality of banking
[15/05/2019 02:27]
ADEN-SABA
The Economic Committee has affirmed that the country's central bank is committed to impartiality of banking and to ensuring that banks operate freely apart from any political exploitation.
The Committee made the remarks in a statement in the aftermath of Houthi crackdown on commercial banks in the rebels-held capital Sana'a to intimidate them into cutting business dealings with the government-run central bank in the temporary capital Aden.
The Committee indicated that the problems of cash shortage, depletion of foreign cash reserves and moving the monetary cycle to the black markets are all the outcomes of the Houthi militia's policy that has been around even a while before the relocation of the country's central bank from Sana'a to Aden.
Key words:
impartiality - exploitation - relocation - government - intimidate - commercial - aftermath - indicated - country's - militia's -
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