Zamam: UN approves transfer of international organizations funds via Yemeni central bank

Zamam: UN approves transfer of international organizations funds via Yemeni central bank

Yemen's central bank governor Mohammed Zamam said on Tuesday The United Nations has agreed to transfer all funds from international organizations through the Central Bank of Yemen.

This came during a visit by a UN delegation led by UN humanitarian coordinator to Yemen Lisa Grande, to the bank's headquarters in the southern city of Aden.

According to the bank's Facebook page, "The United Nations representative told us during the meeting that this decision was taken in two phases, the first of which is the transfer of all the amounts of non-governmental organizations from States, and the second is the transfer of funds for all United Nations organizations."

In another context, he said that the bank has so far withdrawn 441 million dollars from the Saudi deposit to cover the documentary credits, stressing that Saudi Arabia is the only country that has assisted the central bank of Yemen financially.

That support, in its entirety, had helped the central bank and the government to strengthen public finances.

He said that as a result of this support, the central was able to eliminate the funding of the deficit from the newly printed amounts, pointing out that what is being printed will become a strategic reserve.


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