Economic Reports

Governor of the Central Bank of Yemen signed an agreement to pay the salaries of the forces through the Central Bank of Yemen.

As a part of the continued support from the Kingdom of Saudi Arabia for the Yemeni economy and the strengthening of the Yemeni currency, the Governor of the Central Bank of Yemen has signed, today, an agreement to pay the salaries of the joint forces and the assistance from the Kingdom of Saudi Arabia for the state budget of Yemen, through the Central Bank of Yemen. This will enhance the Central Bank’s ability to control the supply of foreign currency and regain an important part of its authority to bring the monetary cycle back to the formal banking sector.
This step is expected to continue the improvement in the value of the local currency.