Yemen Monitor/Newsroom:
The U.S. affirmed the importance of maintaining the independence of the Central Bank of Yemen on Thursday. The U.S. commended the efforts of the bank’s governor, Ahmed Ghaleb, over the past two weeks, which have helped stabilize the local currency. These efforts have led to an improvement of nearly 50% in the Yemeni Rial’s exchange rate and curbed speculation in the foreign exchange market.
In a statement from its embassy, Washington stressed that the Central Bank must remain free from any political interference, emphasizing that its independence is a fundamental pillar for ensuring economic stability in the country.
The U.S. also called on the Yemeni government to accelerate the implementation of necessary economic reforms, warning that the futuالre of Yemen’s economy and citizens’ livelihoods are at stake.
