With the participation of Chairman of Chamber of Commerce… ثxpanded meeting at the Central Bank with the private sector in Aden

SMA NEWS – ADEN THE CAPITAL
An expanded meeting was held at the headquarters of the Central Bank of Yemen in the interim capital, Aden. The meeting included Mansour Rajeh, the Deputy Governor for Banking Supervision, Chairman of Aden Chamber of Commerce and Industry, members of the private sector, and the executive team of the National Committee for Regulating and Financing Imports.

The meeting reviewed the executive mechanism for covering imports from abroad, in accordance with the mechanism and controls approved by the National Committee. It also highlighted its importance in achieving monetary and price stability, preventing exchange rate speculation, and mitigating the negative impacts resulting from the designation of the Houthi militia as an international terrorist organization. This meeting will protect the local financial and commercial sectors, maintain the continuity of the flow of goods and commodities from abroad, and ensure food security.

The meeting discussed in detail the procedures and steps for traders to complete their banking and foreign transfer operations to cover their imports from abroad, in accordance with specified standards and requirements. It also addressed the procedures for submitting applications to banks and exchange companies and the processing of such requests. It also addressed the regularity of daily cash transfers in Yemeni riyals to bank accounts, ensuring smooth and sustainable supply of the country’s essential import needs.

During the meeting, the National Committee’s executive team responded to inquiries submitted by the private commercial sector regarding several technical aspects related to the implementation of regulatory controls.

The private commercial sector and the Aden Chamber of Commerce and Industry welcomed the economic reform measures for the financial and monetary situation and the measures taken by the Central Bank of Yemen in this regard. They affirmed their readiness to cooperate to improve economic conditions, achieve price stability, and positively impact the living conditions of citizens.