The Board of Directors of the Central Bank of Yemen (CBY), chaired by Governor Ahmed Ahmed Ghaleb, convened on Sunday to discuss preparations for the first round of consultations with the International Monetary Fund (IMF) under Article IV, scheduled to take place in Amman, Jordan early next week.
The meeting reviewed a report on recent financial and economic developments, including updates on the exchange rate of the Yemeni rial and overall price trends.
The Board stressed that its current priority is to maintain exchange rate stability in order to prevent negative spillover effects on other sectors and to ensure tangible improvements in the cost of goods and services for citizens.
It also underscored the need for continuous monitoring of market fluctuations and for adopting precautionary measures to address any emerging risks.
Additionally, Governor Ghaleb presented a brief report on the progress of the National Committee for Import Financing and Regulation, highlighting improvements in its mechanisms to meet the needs of the commercial and banking sectors and to accelerate financing operations within set timelines.
