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Last Update: ، 2019/12/13 Time 03:23:48
It won't serve peace to delay implementing Riyadh Agreement, says FM
Foreign Minister Mohammed al-Hadrami underlined the need to fully implement Riyadh Agreement, warning of any attempt may aim to impede the implementation of the agreement because that will play into the hands of Houthi rebels and Iranian scheme in Yemen.
Secretary-General of the Arab League calls for assisting Yemenis
(Saba)- Secretary-General of the Arab League A hmed Aboul-Gheit on Monday appealed to the international community and humanitarian organizations to immediately provide assistance and relief to Yemenis.
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U.S. stocks closed higher Wednesday after the Federal Reserve (Fed) took a less aggressive stance than expected.
Yemen reaches 124th place in FIFA's monthly ranking
The national football team has moved up one place in FIFA's new monthly ranking reaching the 124th as published by the FIFA on Thursday.
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Governor of CBY holds talks with IMF in Washington
[10/04/2019 12:13]
WASHINGTON-SABA

Official talks held here on Wednesday between the Central Bank of Yemen (CBY) and International Monetary Fund (IMF) Mission to Yemen. The discussions took place in the HQ of the IMF in Washington.

The session co-chaired by Governor of the CBY Hafedh Meayad and the Head of IMF Mission to Yemen Albert Jaggier.

The talks focused on topics pertaining to updating, restructuring and institutionalizing the CBY and challenges facing banking system in Yemen.

The governor of CBY detailed the head of IMF and his team about the efforts aiming to update the CBY to bring it up to standard, to activate key departments of the CBY such as Monitoring Section , External Banking Transaction.

Meayad cited the most important challenges facing the CBY, the underway efforts to manage them and the main objectives of the bank's leadership has been seeking to achieve.

He stated that he is working to modernize the CBY, getting it restructured and updated so that it can do its job effectively.

Meayad also cited practical steps have been taken by the CBY to manage the economic hardships, maintain the exchange rate of national currency, regulating the fuels importing procedures under the government decree no 75 of 2018.

He stated that the major challenge facing the CBY and Yemeni government is the closure of the Yemeni banks' accounts in the American and EU banks, noting that this is further exacerbating the humanitarian crisis in Yemen.

The Finance Minister Ahmed al-Fadhli and Yemen's Ambassador to Washington Ahmed Awadh bin Mubark were in attendance.



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