CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

President al-Alimi Launches Package of Relief Projects from King Salman Center to Support Taiz's Resilience, Help those Affected Across Yemen

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC), visited today, Tuesday the King Salman Center for Relief and Humanitarian Work. He was received by Dr. Abdullah al-Rabeeah, Advisor at the Royal Court and General Supervisor of the Center, Saudi Arabia's Ambassador to Yemen, Mohammed al-Jaber, along with several leaders of the center and its partners in relief and humanitarian work.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/28 Time 05:04:00
Latest News:

Yemeni Ambassador Discusses Developments in Yemen with Czech Parliament Speaker

Aden Governor Discusses with UNICEF Strengthening Interventions in Water, Education

Green Climate Fund Approves Project Worth $28 Million to Develop 'CWIMEWS' in Yemen

Yemen, China Discuss Development and Humanitarian Cooperation

President al-Alimi Calls on Europe to Designate Houthis as Terrorist Organization

CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

[21/11/2024 03:34]

ADEN - SABA
Deputy Governor of the Central Bank of Yemen (CBY) Dr. Mohammed Omar Banajah discussed Thursday with Charge d'Affaires of Chinese embassy in Yemen Zhao Cheng latest developments in the economic and financial situation.

The two parties also discussed ways to enhance cooperation between Yemen and China.

During the meeting, the Deputy Governor reviewed the financial situation and the reasons for the sharp fluctuations in exchange rates, which are a direct result of the deteriorating economic conditions in the country due to the Houthi militia's attacks on oil export facilities.

This has led to a halt in oil exports, which are the main source of foreign currency funding for the state's treasury and has caused a doubling of the budget deficit and the balance of payments, he said.

He emphasized that the bank's management is working diligently to overcome these challenges by utilizing available monetary policy tools.

For his part, the Charge d'Affaires of the Chinese Embassy reaffirmed his country's commitment to restoring peace and stability in Yemen.
The Chinese government exert efforts to provide support to the Yemeni government in various fields, including the banking sector, to contribute to the implementation of reforms and the efforts being made by the Central Bank, he said.