CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish Higher Education Authority

The Yemeni Ambassador to Turkey Mohammed Saleh Turaiq discussed Tuesday with the President of the Turkish Higher Education Authority, Professor Errol Özvar aspects of bilateral cooperation in the academic field and ways to support Yemeni students studying at Turkish universities.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/07/02 Time 06:48:48
Latest News:

International Rescue Committee, Marie Stopes Health Organization's interventions in remote areas discussed ..

Ambassador Turaik discusses enhancing bilateral cooperation academic field with President of Turkish ..

Al-Arada discusses developments in Yemen with U.S. Chargé d'Affaires

Parliament Speaker Meets Prime Minister to discuss current developments

President al-Alimi Meets with Parliament Speaker, members

CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

[21/11/2024 03:34]

ADEN - SABA
Deputy Governor of the Central Bank of Yemen (CBY) Dr. Mohammed Omar Banajah discussed Thursday with Charge d'Affaires of Chinese embassy in Yemen Zhao Cheng latest developments in the economic and financial situation.

The two parties also discussed ways to enhance cooperation between Yemen and China.

During the meeting, the Deputy Governor reviewed the financial situation and the reasons for the sharp fluctuations in exchange rates, which are a direct result of the deteriorating economic conditions in the country due to the Houthi militia's attacks on oil export facilities.

This has led to a halt in oil exports, which are the main source of foreign currency funding for the state's treasury and has caused a doubling of the budget deficit and the balance of payments, he said.

He emphasized that the bank's management is working diligently to overcome these challenges by utilizing available monetary policy tools.

For his part, the Charge d'Affaires of the Chinese Embassy reaffirmed his country's commitment to restoring peace and stability in Yemen.
The Chinese government exert efforts to provide support to the Yemeni government in various fields, including the banking sector, to contribute to the implementation of reforms and the efforts being made by the Central Bank, he said.