ADEN, Yemen, Yemen's internationally-recognised President, Abd-Rabbu Mansour Hadi, issued Wednesday, a new decree appointing Hafez Mead as governor of the country's central bank, based in the southern port city of Aden.

According to a statement, Mead, who heads the Supreme Economic Committee, was appointed as new governor for the Central Bank of Yemen.

No details were mentioned about why Zammam was replaced by Mead, who thus becomes the third governor of the central bank, since its relocation in Aden from the capital Sanaa, which is under the Houthi rebels' control for years.

In 2017, the Yemeni government floated the national currency, the Yemeni rial, a move economic observers and analysts said was not well-studied, a year after the relocation of the central bank to Aden.

Source: NAM News Network

Related Post

About Us

The website publishes the news, which is gathered from all the sectors of the country with keeping an eye on different sorts of news from all over the world. All kinds of news on our news website do not consist of any sort of content that can be called the prejudice one, that strategy keeps us away from adding up any useless extra content in the news.