Al-Alimi: Government Has Established a Firm Deterrence Strategy While Keeping the Door Open to a Just Peace
Chairman of the Presidential Leadership Council President Dr. Rashad al-Alimi affirmed on Sunday that Yemen has adopted a decisive approach to deterring Houthi violations while maintaining its commitment to a comprehensive peace founded on restoring state authority, protecting national sovereignty, and addressing the underlying causes of the conflict.
U.S. Extends Work Permits for Temporary Protected Status Holders
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Last Update: ،
2026/07/19
Time
03:54:37
Latest News:
Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace
Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan
President al-Alimi, UN Envoy Discuss Efforts to Revive Yemen Peace Process
President al-Alimi: State Will Not Allow Flights Outside State Authority, Houthis Must Accept Humanitarian ..
Masam Destroys 4,573 Explosive Remnants of War in Abyan
Latest News:
Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace
Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan
President al-Alimi, UN Envoy Discuss Efforts to Revive Yemen Peace Process
President al-Alimi: State Will Not Allow Flights Outside State Authority, Houthis Must Accept Humanitarian ..
Masam Destroys 4,573 Explosive Remnants of War in Abyan
Central Bank: Exhaustion of foreign reserve complicated fiscal situation
[28/10/2017 07:06]
ADEN-SABA
Exhaustion of foreign reserve, amounted to USD 5.4 billion in 2014 to less than USD 600 million in May 2016, has led to suspension of the bank's foreign accounts by client banks, said a report issued by the Central Bank of Yemen in the transitional capital of Aden.
"Depleting the foreign reserve led to running down solutions for tackling the bank's situation and its failure of fulfilling internal commitment in paying salaries since July 2016 and its failure since May 2016 of honoring foreign commitments of paying foreign debts," added the report.
According to the report, the depletion of the foreign reserve has also led to running out cash reserve of the national currency during the same period and resorting to pump old banknotes- to be wasted- to the markets, as well as the bank's failure of printing banknotes and receiving foreign debts.
The report pointed out to efforts and successes achieved by the bank's leadership, which started since the first day on preparing a short-term plan. The plan covered the final quarter of the year 2016 till September 2017.
The leadership of the bank communicated with the International Monetary Fund and the World Bank on October 2017 and agreed on providing technical and consultative support to the central bank in Aden, including informative systems for fighting money laundering and financing terrorists, said the bank's report.
Exhaustion of foreign reserve, amounted to USD 5.4 billion in 2014 to less than USD 600 million in May 2016, has led to suspension of the bank's foreign accounts by client banks, said a report issued by the Central Bank of Yemen in the transitional capital of Aden.
"Depleting the foreign reserve led to running down solutions for tackling the bank's situation and its failure of fulfilling internal commitment in paying salaries since July 2016 and its failure since May 2016 of honoring foreign commitments of paying foreign debts," added the report.
According to the report, the depletion of the foreign reserve has also led to running out cash reserve of the national currency during the same period and resorting to pump old banknotes- to be wasted- to the markets, as well as the bank's failure of printing banknotes and receiving foreign debts.
The report pointed out to efforts and successes achieved by the bank's leadership, which started since the first day on preparing a short-term plan. The plan covered the final quarter of the year 2016 till September 2017.
The leadership of the bank communicated with the International Monetary Fund and the World Bank on October 2017 and agreed on providing technical and consultative support to the central bank in Aden, including informative systems for fighting money laundering and financing terrorists, said the bank's report.
Key words:
SABA Exhaustion - "Depleting - International - According - - transitional - consultative - communicated - commitments - informative -
Al-Alimi: Government Has Established a Firm Deterrence Strategy While Keeping the Door Open to a Just Peace
Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace
Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan
President al-Alimi, UN Envoy Discuss Efforts to Revive Yemen Peace Process
President al-Alimi: State Will Not Allow Flights Outside State Authority, Houthis Must Accept Humanitarian Alternatives
Masam Destroys 4,573 Explosive Remnants of War in Abyan
UN Envoy Welcomes Jordanian Initiative to Resume Amman-Sana'a Flights
UK Welcomes Jordanian Initiative to Resume Amman-Sana'a Flights
Canada Voices Concern Over Iranian Flights to Yemen, Reaffirms Support for Yemeni Sovereignty
Germany Condemns Repeated Violations of Yemen’s Sovereignty, Houthi Attack on Saudi Arabia
