A broad meeting was held on Thursday in the temporary capital Aden, including the Governor of the Yemeni Central Bank and representatives of the Money Changers Association, during which the new executive mechanism for organizing and financing imports was discussed, which will come into effect starting next Sunday, August 10, 2025.

During the meeting, Governor Ahmed Ahmed Al-Maabqi provided a detailed explanation of the new procedures aimed at enhancing transparency, ensuring the smooth flow of imports, and providing foreign currency under clear controls that guarantee financial and monetary stability, according to the Central Bank’s website.

Al-Maabqi reviewed the role of money exchange companies in the success of this mechanism, emphasizing the importance of their full commitment to the announced regulatory controls.

Representatives of the Money Changers Association expressed their full readiness to cooperate with the Central Bank and relevant authorities, pointing out the importance of this step in supporting the national economy and achieving balance in the foreign exchange market.

Earlier on Thursday, the National Committee for Organizing and Financing Imports held its fourth meeting chaired by the Central Bank Governor and Committee Chairman, with the participation of the Minister of Trade and Industry as Deputy Chairman, and the presence of other members representing related entities.

During the meeting, the committee reviewed the regulations and governing systems completed in previous meetings and approved the remaining work guides and procedures, including the list of goods whose exchange and transfer operations will be restricted to banks only, and not allowed through any other channels.

The committee also approved the executive procedures related to the coverage of banks and money exchange companies for import operations, after completing the regulations and consulting with partners from banks, money exchange companies, and the chamber of commerce.

The committee announced the launch of its work and the reception of exchange and transfer requests from businessmen, companies, and commercial institutions through banks and money exchange companies starting next Sunday, using approved forms.

The committee called on everyone to cooperate seriously to make this regulatory mechanism successful, contributing to serving the public interest, achieving stability in the currency exchange rate and prices, and limiting destructive activities including smuggling and speculation that aim to destabilize the economic stability in liberated areas and harm the citizen’s livelihood and social security.

As part of preparations to implement the new mechanism for organizing import financing, the Central Bank Governor met yesterday, Wednesday, with bank officials, where the role of banks in the success of the mechanism was discussed, emphasizing the necessity of joint cooperation to combat illegal activities.