The leadership of the Central Bank of Yemen in the capital, Aden, headed by the Deputy Governor, Deputy Chairman of the Board of Directors, Dr. Muhammad Omar Banaja, discussed today, Tuesday, with the ambassadors of European countries, headed by the Deputy Governor of the Central Bank of Yemen, Deputy Chairman of the Board of Directors, Prof. Dr. Muhammad Omar Banaja, presented a number of topics related to the level of implementation of the provisions of the July 2024 agreement, which took place under the auspices of the UN envoy.

The meeting, which included European Union Ambassadors Gabriel Munuera Viñales, France's Catherine Corm Cammon, Jeanne Sippen of the Netherlands, Germany's Hubert Jager, Romania's George Mayor, Greece's Alex Constantopoulos, and Chancellor Luis Miguel, discussed the causes of the sharp and rapid fluctuations in the exchange rate of the national currency against... Foreign currencies.

The Deputy Governor explained, during the meeting, that the Central Bank of Yemen responded fully to all the terms agreed upon with the UN envoy, including canceling all procedures related to withdrawing the SWIFT system from banks that did not transfer their operations centers to Aden, indicating that the other party did not take No concrete steps were taken, and he did not even issue a statement expressing good intentions.

With regard to the sharp fluctuations in the exchange rate, Banaja pointed out that these fluctuations are an inevitable result of the deteriorating economic situation in the country, which directly affects the banking and financial sector, stressing that the management of the Central Bank is working hard to overcome these challenges through the use of policy tools. Available cash.