FM: Messing up with national currency won't be tolerated 2020

President al-Alimi highly appreciates Saudi-Emirati ongoing mediation to de-escalation in eastern governorates

His Excellency (HE) President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (OLC) met today, Saturday, with the Advisory Board to discuss recent developments in the governorates of Hadhramaut and al Mahra and the Saudi-Emirati ongoing mediation to protect civilians and facilitate the withdrawal of armed elements affiliated with the South Transitional Council (STC) from the two governorates.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/27 Time 08:05:15
Latest News:

Legitimacy-Backing Coalition Says Will Deal with All Military Moves that Counter De-Escalation Efforts ..

Hadhrami Components Affirm Support for Outcomes of National Defense Council's Emergency Meeting

Malaysia Affirms Supportive Stance on Yemen’s Unity Sovereignty

A government source confirms full support for Saudi-Emirati mediation to end escalation and for withdrawal ..

UK REAFFIRMS COMMITMENT TO YEMEN'S UNITY AND SOVEREIGNTY

FM: Messing up with national currency won't be tolerated 2020

[01/01/2020 06:49]

ADEN-SABA
Prime Minister Dr. Ma'een Abdulmalik has made it clear that any reckless endeavors aiming to damage the national currency will never be tolerated by the government." Per President Hadi's directives the government is authorized to take every necessary measure to maintain the national currency. Any attempt may aim to mess up with the national currency won't be tolerated", said Ma'een.

His statement came as he presided over a meeting of the board of directors of the Central Bank of Yemen (CBY) held Wednesday in the interim capital Aden.

The session devoted to discuss the CBY's action-plan of 2020 that is designed to redress irregularities of the institutional structure, keep on building up monetary reserves and maintain the value of the national currency.

The discussions touched upon several precaution measures aiming to maintain the exchange rate of the national currency, provide liquidity, revive the cycle of monetary and secure salaries regular pay.

The Prime Minister warned of the dangerous consequences of the Houthi rebel militia's illegal measures to ban dealing with newly issued national currency banknotes. He said "Such illegal and irresponsible measures will make it difficult to pay tens of thousands of pensioners and government's employees in the militia controlled regions".

Ma'een called on the UN, WB, IMF and International Community (IC) to bear their responsibility toward the Houthi militia's irresponsible and destructive measures.