The General Investment Authority attended the inauguration ceremony of the World Money Week event in Yemen under the slogan “Protect your money, secure your future,” which was held in the presence of the Governor of the Central Bank of Yemen, Ahmed Ghaleb, his deputy, Dr. Muhammad Banaja, and a number of ministers and representatives of banks and institutions.

The Governor of the Central Bank of Yemen, Ahmed Ghaleb, gave a speech during the inauguration in which he stressed the importance of financial and banking culture in developing and managing the self-resources of children and youth, noting that the Central Bank seeks to achieve financial inclusion in Yemen, by providing financial and banking services to all segments of Yemeni society as well as He praised the progress achieved in the recent period, as there are 10 operating banks and 4 banks under establishment specializing in small and microfinance. Pointing out that some of these banks have already begun to transform into comprehensive Islamic banks.He pointed out that the Central Bank has developed and updated the regulatory rules for providing electronic money services via mobile phone, as this step represents a major shift in the success of the process of digitizing salaries and disbursing them through banks, calling for the necessity of including financial culture in education curricula from the early stages, and making it a live and recurring subject. In all media, culture, awareness and guidance programmes.For his part, Finance Minister Salem Bin Brik, in a speech he delivered during the event, praised the efforts of the Central Bank of Yemen in reactivating vital programs in the capital, Aden, opening the doors of interaction and transferring experiences and visions between the Central Bank and financial institutions, and setting visions and striving to achieve them in reaching financial awareness to half a million. A young man and a young woman.

For his part, Mohammed Al-Shabi, Chairman of the Supervisory Committee for World Money Week activities, stressed the importance of the event in enhancing financial awareness among various segments of society, especially the generation of children and youth.

In turn, Abdul Raouf Al-Saqqaf, Aden Governorate’s Undersecretary for Youth Affairs, stressed the importance of holding the World Finance Week in the capital, Aden, pointing out that this indicates the ability of the national economic elite to overcome obstacles and create promising and inspiring new paths.

The event witnessed an awareness-raising intervention via Zoom by Dr. Zaki Al-Ghunaimi, Advisor to the Governor of the Central Bank of Egypt and Director of Risk Management, during which he spoke about the importance of banks’ involvement in the World Money Week event and enhancing their role in financial inclusion, which reflects positively on all segments of Yemeni society.

For her part, Wazna Bousbaei, in the speech of the representatives of the banks participating in the event, called on the relevant authorities in the country to include financial culture as an essential part of the educational stages to help children manage their savings properly.
The inauguration ceremony included various visual presentations about the activities of World Finance Week.

The inauguration ceremony on March 8, 2024, in the Coral Hotel hall was attended by the Minister of Planning and International Cooperation, Waed Badib, the Minister of Transport, Abdul Salam Hamid, the President of the University of Aden, Al-Khader Lasur, the Undersecretary of the Banking Supervision Sector, Mansour Rajeh, and a number of agents and important figures from the state, the Central Bank, and the commercial and Islamic banks operating in the country.