(MENAFN) Yemen's internationally-recognized President Abd-Rabbu Mansour Hadi released Wednesday a new decree selecting Hafez Mead as governor of the country's central bank based in the southern port city of Aden.
According to a statement issued by the state-run Saba news agency, Mead, who heads the Supreme Economic Committee, was selected as new governor for the Central Bank of Yemen.
No more information explain why Zammam was substituted by Mead, who thus becomes the third governor of the central bank since its transfer 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 stated was not well-studied a year after the relocation of the central bank to Aden.
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