Printer Friendly

Yemen names new central bank governor.

Global Banking News-February 12, 2018--Yemen names new central bank governor

(C)2018 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 12 February 2018

The president of Yemen has named a new central bank governor.

Yemeni president, Abdrabu Mansur Hadi, has appointed former finance minister, Mohammed Zammam, as head of the central bank. The appointment comes as a prolonged civil war has taken a toll on the value of the currency as well as the nation's economy.

In January, Saudi Arabia, ordered a deposit of USD2bn into Yemen's central bank to prop up the weak currency and help alleviate the people's suffering.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:7YEME
Date:Feb 12, 2018
Words:123
Previous Article:Azerbaijan to switch to new fiscal and monetary rules.
Next Article:Regulators unearth hidden loans at State Bank of India.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters