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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.


Yemen’s Acting Ambassador in Addis Ababa Discusses Strengthening Joint Cooperation with Ethiopian Official
Ambassador al-Asbahi discusses with President of Moroccan Court Cooperation in Justice
Inspector General of Armed Forces Discusses Latest Developments with EU and Dutch Ambassadors to Discuss Latest
Ministry of Finance Concludes National Workshop on Social Expenditure Observatory in Yemen
Shura Council Chairman Arrives in Cairo to Participate in Conference for Arab Parliament
Al-Arada Receives European Union and Netherlands Ambassadors
Al-Arada Receives Defense Minister, Chairs Meeting of Ministry Leadership and Armed Forces Command
Central Bank Board Approves Measures to Strengthen Financial and Monetary Stability
Yemen and ESCWA Discuss Strengthening Cooperation on Development Policies
Water Minister, Partners Review Progress on Water and Sanitation Projects

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