The first move by the Prime Minister and the Central Bank to stop the bleeding of the Yemeni riyal

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A meeting chaired by Prime Minister Maeen Abdul-Malik in the temporary capital of Aden, today, Wednesday, affirmed his support for the implementation of the Ministry of Finance’s plans to boost revenues and control expenditures, and the Central Bank’s campaigns to control exchange rates and control manipulation and speculation.

The joint meeting of the leadership of the Ministry of Finance and the Central Bank of Yemen, headed by the Prime Minister, stressed the need to achieve economic stability, and control the exchange rates of the national currency, which would be reflected in the decline in the price inflation of goods and services, which directly affects the daily lives and livelihoods of citizens.

The prime minister directed collective action between the government, the central bank and local authorities, to achieve economic stability for citizens as soon as possible.. Pointing out that what we see in the economic reality is painful and affects citizens, due to the war and political turmoil, stressing his support for the bank’s actions in this regard.

During the meeting, the Deputy Governor of the Central Bank of Yemen, Shakib Hubeishi, reviewed the special campaign implemented by the bank to control the exchange markets and other measures to regulate currency circulation.

He pointed to the expected impact of the Bank of England’s release of the frozen funds, in achieving monetary stability, in addition to the ongoing efforts to release the rest of the frozen funds.



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