Barran Press
The Central Bank of Yemen urged the government on Tuesday to reevaluate its financial and economic policies, particularly in the areas of public resource mobilization and expenditure planning according to priorities.
This call came during a virtual meeting of the bank's board of directors, chaired by Governor Ahmed Al-Maabqi, as reported by the official Saba News Agency.
The meeting discussed various issues related to financial and economic developments, the state’s financial position, its obligations, and the tensions affecting some provinces.
Participants also examined the impact of regional events on the economy and the increasing pressures on the national currency.
The board called on the Presidential Leadership Council and the government to support the Central Bank, enabling it to fulfill its duties with independence and professionalism amid these challenging circumstances and unfavorable developments.
Additionally, the meeting implemented urgent measures to address ongoing changes in currency markets and the banking sector.
The Yemeni rial has experienced a rapid decline in recent days, with the exchange rate for the US dollar reaching 2,002 rials for sale and 2,011 rials for purchase on Tuesday, according to Barran Press banking sources in Aden.