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Yemen Central Bank Holds Key Meeting to Address Liquidity Crisis and Strengthen Financial Sector

[14/09/2025 05:48]

ADEN-SABA
The Central Bank of Yemen held a crucial meeting today in Aden, chaired by Governor Ahmed Ghaleb, to discuss recent financial and economic developments and devise strategies to tackle the local currency liquidity shortage.

The bank approved measures to address the liquidity shortage while maintaining strict monetary policies to ensure economic stability. Plans were also finalized for restructuring the Banking Institute, including appointing a new board and launching training programs to enhance banking sector capabilities.

Furthermore, the Central Bank aims to enhance and expand the unified financial transfer network to facilitate smoother transactions and combat illegal activities. Efforts will also be made to close unlicensed networks facilitating speculation and illegal transactions.

Governor Ghaleb emphasized the importance of the Import Financing Committee in regulating markets and ensuring stability. "The Central Bank remains committed to restoring economic stability and promoting a secure financial environment," he stated. "These measures will help Yemen overcome current challenges and pave the way for sustainable growth.