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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.


Prime Minister affirms support for independence of Central Bank
Minister of Planning discusses with UNFPA strengthening partnership, supporting development programs in Yemen
Supporting Yemen’s efforts to address climate change challenges discussed
Minister of Transport discusses with American, French Ambassadors joint cooperation in transport
Minister of State for Woman Affairs underlines need for WB's support to empower women
WB delegation praises progress in Fish Landing Center Project in Aden
EU Ambassador confirms support for government's efforts to improve revenues
Yemen condemns Israeli Knesset's approval of law to execute Palestinian prisoners
Minister of Planning highlights need for EU support for reforms program, developments projects
Minister Al-Kaf Discusses Enhancing Cooperation in Electricity, Energy with EU Ambassador

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