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Central bank of Yemen (????? ??????? ??????)
It is in 1971 that the first central bank of Yemen began its functions. More precisely, the central bank of the Yemen of north was established in 1971 and that of the Yemen of the south in 1972. A single central bank was created in 1990 when north and the south were linked. The latter is directed by a governor and its seat is located at Sana' A.
The central bank of Yemen plays a key part in the economic growth of the country. Several missions are entrusted to him, starting with the definition and the installation of a monetary policy aiming at maintaining the price stability. It must also collaborate with the government in order to determine the mode of rate of exchange and to then make come into effect the rate which was decided. The grant of the licenses at the banks and the financial institutions is also between the hands of this central bank, just as the supervision of the banking transactions and the credit control. It is also it which manages the international reserves of the country and which supervises the good performance of the systems of payment. Lastly, she plays the part of banker, financial agent and advising government.
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