Benefiting from Saudi Deposit, Yemen Central Bank Brings Back Food Subsidies

The Central Bank of Yemen decided to bring back food subsidies, benefiting from the latest Saudi deposit, and took other decisions following the return of its governor Mohammed Zemam to the temporary capital Aden. Observers expect the Central Bank’s decisions to cement confidence in banking circles and shore up the currency, besides dropping prices of basic commodities and reviving banking transactions. Yemeni official sources stated that the Central Bank’s board of directors took a number of decisions on Thursday as part of its role in activating its main base in Aden. The decisions

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