Yemen Monitor / Newsroom:
The Governor of the Central Bank of Yemen, Mr. Ahmed Ghaleb Al-Mabqi, met on Sunday with the US Ambassador to Yemen, Steven Fagin.
During the meeting, the Central Bank governor and the ambassador discussed recent developments in the financial and monetary situation amid current challenges, as well as ongoing efforts to implement a package of reforms that have contributed to stabilizing the national currency and enhancing transparency.
Ambassador Fagin renewed his country’s firm position on the importance of preserving the independence of the Central Bank as a fundamental pillar of stability, stressing the need to ensure that its employees and staff are able to carry out their technical and banking duties freely and professionally, away from any pressure or external interference.
The U.S. Embassy’s account on the X platform published a brief post confirming the ambassador’s emphasis on the importance of the bank’s independence and the ability of its employees to work without pressure, without providing further details.
Concerns have grown over the potential impact of recent events in Hadramawt on the bank’s performance and on oversight efforts that have succeeded in controlling the exchange rate. Informed sources indicate that there is an understanding to neutralize the bank’s operations from all parties.
