Zimam, US Ambassador discuss financial situation in Yemen

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Zimam, US Ambassador discuss financial situation in Yemen

[24/10/2018 12:29]

RIYADH-SABA
Governor of the Central Bank of Yemen Mohammad Zimam discussed on Wednesday with US Ambassador in Yemen Mathew Tuller cash and financial situations in Yemen including deterioration of the price of the Yemeni Rial.

The two parties also discussed means of helping the bank through meetings of the Quartet Economic Group (the United States, the UK, Saudi Arabia and the UAE).

The two parties discussed also measures taken by the central bank and the recent measure of activating supply from non-inflation sources, especially after the bank decided increasing profit prices.

The ambassador praised the bank's mechanism of issuing reports and transparency in dealing with revenues and expenditures.

He renewed US support to efforts of the bank and contention supply of the institutional capacity building project and bank's infrastructure in all provinces within the underway project of the International Monetary Fund.

The quartet agreed on holding the forthcoming meeting late November for discussing the International Monetary Fund's report to support the central bank and the Yemeni rial.