Central bank plans to take measures to reform situation as much as it can

President al-Alimi praises adherence of Shoura Council, political parties to references of transitional stage

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) praised the nationalistic and responsible stances of the Shoura Council and the National Coalition of the Political Parties (NCPP) which affirmed their categorical rejection of any unilateral measures that weaken state institutions or undermine the existing partnership among national forces battling the Iranian regime backed Houthi terrorist militias.

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).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/15 Time 11:09:05
Latest News:

Yemen Participates in 19th Meeting of CEDARE Board of Trustees in Virtual Session

Foreign Minister meets with Austria's Special Envoy

Maj. General al-Zubaidi briefed on health services in government-held governorates

Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects

Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable

Central bank plans to take measures to reform situation as much as it can

[27/09/2021 01:16]

ADEN – SABA
The central bank of Yemen intends, soon, to take firm decisions and measures at the level of the banking and exchange sectors to reform the situation as much as it can, to stop the sharp deterioration in the value of the local currency.

The bank reiterated that it enjoys complete independence, hoping that everyone will cooperate with it and realize the danger of the continued depreciation, and the risks of interference in its affairs.

The bank said in an explanatory statement issued by it: that no decision was taken to close the activity of exchange companies and facilities, and that the decision was taken by the Money Changers Association and presented to the competent department of the Central Bank, where this decision was dealt with as an initiative of the Money Changers Association and others among the initiatives that were discussed recently to contribute to limiting the deterioration of the local currency in light of abnormal and unstable working conditions.

The statement added: The Central Bank is aware of the sensitivity and complexities of the situation that arose after others intervened in the activity of the money exchange market, and even concluded agreements with a number of money changers without realizing the consequences of that, which we consider illegal and not binding on us in the Central Bank stressing the bank’s keenness to avoid fabricating any crisis or confrontation between it and any party, and making it a cause of the significant deterioration of the value of the local currency.