Yemen Monitor – Newsroom:
The National Committee for Regulating and Financing Imports announced on Wednesday that the total volume of import financing it has approved to date has reached USD 2 billion.
The committee held its meeting in Aden, chaired by Central Bank Governor Ahmed Ghaleb, during which it reviewed progress in its work as well as that of its technical and executive subcommittees.
The meeting discussed the status of import financing applications submitted by banks and exchange companies for various goods and services. It expressed appreciation for the achievements made in recent months, foremost among them the stabilization of exchange rates and commodity prices, along with the availability of financial resources to cover financing needs.
The committee emphasized the need for strict adherence to the implementation mechanisms and regulatory instructions governing its operations to ensure that its objectives are met and the public interest is served. It also expressed gratitude to the advisory and executive teams for their high level of professionalism and efficiency in processing applications and accelerating procedures.
The meeting heard reports from the executive team, the Customs Authority, and the Chamber of Commerce regarding operations at customs entry points. The committee reviewed several issues raised in those reports, referred some to the advisory team for resolution, and approved a number of immediate measures aimed at facilitating procedures and speeding up the handling of financing requests.
The committee also renewed its warning to entities and institutions attempting to circumvent established mechanisms and issued directives, stressing that such practices create disruptions and undermine stability. It reaffirmed that all parties must comply with Cabinet decisions prohibiting the use of foreign currencies in domestic contracts and purchases for goods and services.
