Statement from the Central Bank of Yemen-Aden

Friday 06 November 2020

SMA News – Aden the capital

The administration of the Central Bank of Yemen – the main center in Aden – denied the validity of the allegations and abuse reported by some local media outlets against the employees of the Central Bank, confirming that the criteria for efficiency and the public interest are the ones that govern the selection of employees and in the distribution of tasks.

This came in a statement published by the Central Bank, which affirmed that the Central Bank’s internal system, regulations and decisions determine the organization of the tasks, functions and powers of the employees at the various job levels.

The Central Bank’s administration has been keen since 2016 to raise the level of its cadres and enhance their effectiveness, by working on qualifying and training the staff and selecting the most suitable among them to take on new tasks.

It also summoned an elite group of high-quality employees who were in the former headquarters in Sana’a, and who played an important role in activating some vital sectors of the Central Bank after the decision to transfer it. These employees have taken many risks arising from their move to Aden and their bias towards the legitimacy.

The Central Bank affirmed that all its employees at the headquarters – Aden work in a one-team spirit to complete the regulatory steps and measures to achieve monetary and price stability to alleviate the suffering of citizens arising from the current conditions the country is going through.

The Central Bank administration is currently waging a fierce battle to preserve the national economy and confront speculators and manipulators of exchange rates and the parties that seek to harm the country’s financial and monetary conditions to achieve private interests at the expense of the public interest.

The bank called on all media outlets to investigate accuracy and professionalism in reporting the news instead of circulating false news and confusing public opinion with fabricated problems.

The Central Bank administration affirmed that it would take all legal deterrent measures to sue those who spread lies with the aim of blackmailing the central bank or terrorizing its employees.

The Central Bank administration renewed its call to neutralize the central bank from political quarrels, and to stand by it in the performance of its tasks and functions in the interest of the public.