CBY Governor, US Ambassador discuss support for Yemen economy

CBY Governor, US Ambassador discuss support for Yemen economy

Alsahwa Net- Governor of the Central Bank of Yemen Mohammed Zimam and the US Ambassador to Yemen Mathew Tueller on Sunday discussed how to support Yemen economy and the national currency.

Zimam explained the measures taken by CBY to improve the value of Yemen’s currency, pointing out that the currency still needs to be supported by the international community.

The value of Yemeni riyal has recently improved to 400 against the dollar, from a previous 800.

Zimas had told the Yemeni News Agency (Saba) that Yemen was waiting for deposits worth $3 billion from foreign sources. However, he did not gave details about these deposits.

“There is a set of decisions the United Nations or some countries will take regarding the new deposits,” Zimam added.

 

 

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