Jeddah (UNNA) - The Governor of the Central Bank of Yemen, Muhammad Zammam, affirmed today, Saturday, that the recovery in the exchange rate of the Yemeni riyal will be stable, sustainable and sustainable. In a press statement, carried by the Saudi Press Agency, Zimam stressed the importance of the Yemeni government announcing the start of preparing a budget for the next year. He said: The Central Bank of Yemen is waiting for deposits worth three billion dollars, and will take many decisions to continue the improvement in the exchange rate of the national currency. He added, "There are also a number of decisions that will be taken by the United Nations and some brotherly countries with regard to new deposits." He explained: Part of these measures will have a significant impact on the stability of the Yemeni riyal exchange rate, in addition to awareness of citizens and the lack of speculation by money changers or other banks surrounding the Central Bank of Yemen. Zimam indicated that the improvement in the national currency situation came as a result of the measures taken by the Central Bank, including the restoration of monetary and liquidity management. Indicating that all amounts that are currently printed go to the reserve. He announced that the bank will start paying the salaries of retirees in Sana'a next week, at a time when it was able to build up a cash reserve of about 500 billion Yemeni riyals (equivalent to two billion US dollars). The meeting agreed to consider transferring all amounts through the United Nations and other countries through the Central Bank to enhance its reserves for the benefit of the Yemeni riyal, which is now considered at its fair value. ((End)) h p
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