PM visits Central Bank, inspects work to control currency exchange rate

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PM visits Central Bank, inspects work to control currency exchange rate

[21/06/2022 07:00]

Aden - Saba
Prime Minister Dr. Maeen Abdul-Malik visited the headquarters of the Central Bank of Yemen in the temporary capital, Aden, to review the progress of work and the bank’s plans and programs to control the stability of the exchange rate of the national currency in the context of promoting integration between fiscal and monetary policy.

The Prime Minister was briefed on the progress of the reform programs in the Central Bank supported by the US Agency for Development and the World Bank, in the field of capacity building, strengthening institutional building, and developing regulations and systems regulating the work of the Bank, the banking sector and money exchange companies in accordance with the legislation in force.

Dr. Abdul-Malik was briefed by the leadership of the Central Bank to on the plans and programs of the bank in using and employing the support provided to the Central Bank by the brothers in the Kingdom of Saudi Arabia and the United Arab Emirates, which helps to achieve stability in the currency exchange rate and control inflation rates, according to the best applications.