[28/12/2022 04:12]

ADEN - SABA
Prime Minister Maeen Abdulmalik discussed Wednesday with the Counsil of Executive Directors of the Central Bank of Yemen level of implementing control measures are being carried out by the bank on private banks and exchange companies to control the price of the local currency.

Prime Minister was acquainted with results of the banks' latest meetings for 2022, which focused on enhancing principles of transparency, governance and boosting the role of the bank in controlling cash policy in the framework of the government's reforms.

The council of the directors also acquainted prime minister with latest economic and financial developments toped by results of implementing the general budget during 2022 and latest negative developments on local and foreign resources and available choices to face the obligatory commitments and necessary expenses.

Organizing expenditure and mobilizing efforts led by fiscal and cash policies to keep prices of the national currency and goods-prices down were also discussed.

Prime Minister praised good coordination between the government and the central bank during 2022 as this coordination resulted in realizing remarkable stability in exchange prices and prices, as well as keeping salaries paid to civil servants and honoring many pledges despite losing big part of resources.

He also praised efforts of the bank in enhancing measures and implementing standards of money-laundry and financing terrorism in Yemeni banks.

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