Prime Minister Dr. Ahmed Awad bin Mubarak met today, Wednesday, in the capital, Aden, with the leadership of the Central Bank to follow up on the interventions implemented to control the exchange rates of the national currency.
During the meeting, Ben Mubarak listened to a comprehensive briefing on the monetary situation, including liquidity indicators and the level of external reserves. The meeting approved a number of measures and interventions to enhance monetary stability and reduce speculation.
The Prime Minister stressed the importance of integration between fiscal and monetary policy to achieve economic stability, stressing that the unjustified decline in the exchange rate must be treated as a decisive battle. He explained that the citizen can no longer bear additional burdens, calling for concerted efforts between the government and the Central Bank to put an end to price fluctuations.
The meeting was attended by a number of relevant ministers, including the Minister of Oil and Minerals and the Deputy Minister of Finance.