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Zemmam discusses economic situations with US Ambassador, British development official

[02/12/2018 05:58]

RIYADH-SABA
Governor of Central Bank of Yemen (CBY) Dr Mohammed Zemmam discussed Sunday separately with American Ambassador Mathew Tuller and British Development Official Fiona Walker topics relating to economic and fiscal situations in our country.

Zemmam's conversations with Mr Tuller focused on the economic situation and the needed support to help maintaining the value of the national currency.

Zemmam detailed the American Ambassador on the measures have been taken by the CBY in order to manage the fiscal and monetary challenges.

The Governor of the CBY highlighted the importance of using the CBY channels in all financial transferring by regional and international organization so that the CBY can do its duties and play its role in preventing terrorism funding and controlling money laundering.

Mr Tuller applauded practical steps taken by the CBY including arrangements for discussing fiscal and monetary policy with IMF.

Zemmam also held meeting with the Head of the British Development Department Fiona Walker.

Discussions touched upon actions done by the CBY and its urgently needed requirements including new deposits and transferring all expenses and finances of the international organizations through the CBY.

He also discussed the topic of trade funding through the International Financing Corporation (IFC) which the British government supports.