Gov: National currency's value won't be allowed to go down

FM meets with Russian President's special envoy for Middle East, Africa

The Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani met today, Friday, in Baghdad, with the Special Envoy of the Russian President for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov.

Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured

The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.

GDP grows 0.3 percent in Eurozone, EU in 1Q

The gross domestic product (GDP) in the Eurozone and the European Union (EU) registered a growth of 0.3 percent during the first quarter of the current year compared to the previous quarter.

Bologna Wins Italian Cup Title for Third Time in History

Bologna FC has been crowned the champion of the Italian Cup for the third time in its history, after defeating AC Milan 1-0 in the final match.

Last Update: ، 2025/05/17 Time 04:47:34
Latest News:

PM emphasizes Germany's role in backing government's efforts to address pressing priorities

Tareq Saleh discusses with the Governor of Taiz and the Deputy Minister of Transport the acceleration ..

PM, U.S. Ambassador discuss bilateral relations

Prime Minister Receives Secretary-General of Gulf Cooperation Council

Deputy Foreign Minister discusses ways to enhance cooperation with Italian Official

Gov: National currency's value won't be allowed to go down

[22/10/2017 04:01]

ADEN-SABA

Prime Minister Dr Ahmed Obeid Bin-Dagher stressed that government won't let national currency go down. Efforts will be devoted to boost the Yemeni rial value to prevent any economic upheavals, he stated.

Bin-Dhagher chaired an extraordinary meeting held in Aden Saturday brought together the management of the Central Bank of Yemen, managers of banks and exchange companies. The meeting aimed to discuss the devaluation of the Yemeni rial against foreign currencies and take necessary measures cope with the problem.

"Maintaining national currency's value is a common national responsibility falls upon the shoulders of public and private sectors", said the Prime Minister, adding that his government is going to take all legal actions that can help maintaining the national economy and protecting domestic market and peoples' living conditions from economic tumults.

Dr Bin-Dagher said:" Leaders of banking and financial sectors and businessmen ought to cooperate with the government to serve the national interest of the country. Any sabotage act such as running business exchange illegally that may badly affecting national currency must be stopped".

The Prime Minister urged businessmen leaders to act responsibly." You must give mind a room beside profit, help raising awareness about our key issue which is to defeat aggressors of Houthi and Saleh", he said.

Bin-Dagher continued to say "You shouldn't contribute to financing the war waging by the militias against the homeland". "Rial is our national currency from Sa'ada to Al-Mahara, a national fellow is badly affected all over the country, if rial's value devaluates. Nobody will be allowed to break the law"'., he added.

The acting governor of the Central Bank of Yemeni Ahmed Abu Baker said" Laws of the Yemeni central Bank of Yemen, Commercial Banks and Exchanges were laws in effects that governing the action of the Central Bank in Aden, these laws would strictly enforced and lawbreakers would be held accountable".

" We will work along with finance Ministry to open bank accounts for every government's employee as the employee may wish, salaries would be deposit in these accounts.", Abu Baker added.

It is worth mentioning that General Prosecution has ordered the law-enforcement authorities to bring lawbreakers to the courts.