Yemen Monitor / Newsroom:
A comprehensive meeting was held on Monday at the Central Bank of Yemen’s headquarters in Aden, bringing together bank officials, representatives from the Chamber of Commerce and Industry, the private sector, and the executive team of the National Committee for Regulating and Financing Imports. The meeting aimed to discuss a mechanism for covering the country’s needs for imported goods.
The discussion focused on how to implement the controls set by the national committee and their importance in achieving monetary stability, controlling commodity prices, and curbing speculation in the foreign exchange market. This is especially critical given the challenges posed by the designation of the Houthi militia as an international terrorist organization.
Attendees also discussed the detailed procedures required for merchants to complete foreign exchange and transfer operations. This includes submitting requests through banks and currency exchange companies and regulating cash supply operations in Yemeni riyals to ensure a continuous flow of essential and food goods to the local market.
The executive team of the national committee responded to inquiries from commercial sector representatives regarding technical and organizational aspects. Representatives from the Chamber of Commerce and the private sector welcomed the reform measures taken by the Central Bank, confirming their readiness to cooperate to support price stability and improve citizens’ living conditions.
