Quartet's meetings about technical support for CYB concluded

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Quartet's meetings about technical support for CYB concluded

[02/02/2018 03:07]

RIYADH-SABA
The quartet's meetings aimed to coordinate technical support for the Central Bank of Yemen (CBY) wrapped-up on Thursday February 1,2018 in the Saudi capital Riyadh.

Ambassador of Saudi Arabia Kingdom to our country Mohammed Sa'aeed Al-Jaber launched the two-day discussions held in the headquarters of Saudi Foreign Ministry.

The quartet included the Saudi Arabia Kingdom(KSA), United Arab Emirates(UAE), United Kingdom (UK) and United States of America (USA).

Deputy Governor of the CBY Abbas Ahmed Al-Basha, deputy of external banking operations in the CBY Khalid Al-Abbadi and representatives of the KSA, UAE, UK, and USA, and International Monetary Fund (IMF), World Bank (WB), American International Development Agency (USAID), U.S.. Treasury, British International Development (DFID), Arab Saudi Monetary Corporation and the Central Bank of the UAE.

Debates focused on drawing action-plans to provide the CBY with integrated and constant technical support in its main headquarters in the interim capital Aden.

The discussions aimed to enable the CBY to do its major functions so that it can maintain the banking system as coherent, keep remittances and basic commodities follow into the Yemeni markets and maintain the value of Yemeni Rial against foreign currencies.