The Board of Directors of the Central Bank of Yemen discussed in its ninth session meeting, which was held today, Tuesday, via video communication technology, headed by the Governor of the Bank - Chairman of the Board of Directors, Ahmed Al-Maqbi, a number of topics related to financial and economic developments, the state’s financial position and obligations, and the tensions that some governorates are experiencing.< /p>

The meeting touched on the effects of the events that the region is going through that herald developments that are difficult to predict in terms of its finances and its implications for the stability of fragile economic conditions and the increasing pressure on the exchange rate of the national currency in light of the cessation of the most important national resources, the decline in aid, the significant decline in state revenues, and the increase in spending, especially spending in The energy field exceeds the country's ability to bear and in the absence of scientific and practical solutions to the imbalances.

The meeting reiterated its call for the government to reconsider its financial and economic policies, especially in the field of mobilizing and collecting public resources, and to re-plan spending according to priorities by adopting a realistic budget that specifies expenditures, resources, deficits, and sources of funding that harmonizes internal resources with inevitable obligations and what can be mobilized from local and external resources to cover them. Financing gap.

The meeting also called on the Presidential Leadership Council and the government to support and assist the Central Bank in a way that enables it to carry out its duties independently and professionally in light of these difficult circumstances and unfavorable developments.

The meeting took some urgent measures to deal with the current developments in the exchange markets and the work of the banking sector.

The meeting witnessed the reading of Al-Fatihah by the members for the soul of the late Khaled Ibrahim Zakaria, a member of the Board of Directors, whose passing represented a huge loss for the Central Bank and the banking sector.

The Council also extended its congratulations to the political leadership and the honorable people on the occasion of the Revolutionary Holidays of September, October and November.