ADEN, YEMEN – The Central Bank of Yemen (CBY) in Aden strongly refuted allegations circulating on social media that it was involved in smuggling large sums of money through official channels under the governor's signature. A senior bank official stated that all funds transferred through ...
The Central Bank of Yemen’s Lahj branch announced on November 12, 2024, that it has closed several non-compliant money exchange facilities that have not obtained official licenses to operate from the bank. According to Yemen’s official news agency, Saba, the bank's closure...
The Yemeni Islah Party emphasized the need to support the Central Bank in Aden to resume salary payments for public employees, in accordance with the 2014 payroll records, during a meeting on November 9, 2024, with the UN Special Envoy to Yemen. The party's vision for peace in Yemen, which has...
On November 3, 2024, the Public Prosecution, in collaboration with the Central Bank and security forces, closed 11 non-compliant currency exchange companies in Al-Mahra province as part of a broad initiative to regulate currency trading and combat speculation. According to the official Yemeni N...
A recent report from the World Bank, released on October 31, 2024, outlines several recommendations to address the financial challenges and mitigate the economic pressures plaguing Yemen, largely due to the ongoing suspension of oil exports. The report highlights that the halt in oil exports, c...
ADEN, YEMEN — On Wednesday, October 30, 2024, the Southern Transitional Council (STC) issued a warning regarding the Central Bank of Yemen's ongoing currency auction practices, claiming that the majority of the funds are benefiting the Houthi-controlled areas rather than local markets in...
On Monday, October 28, 2024, the Yemeni Central Bank, based in the temporary capital of Aden, announced the results of its 13th public auction for the year, aiming to sell a total of $30 million. According to a statement published on its official website & reviewed by Barran Press, the Cent...
On Monday, October 28, 2024, Ahmed Ghaleb Al-Maabqi, the Governor of the Central Bank of Yemen, presented a proposal to the World Bank focusing on key priorities for developing the monetary sector in Yemen. This presentation took place during a meeting with Waed Bazeeb, the Minister of Planning...
WASHINGTON, D.C. — On Wednesday, October 23, 2024, Yemen's Finance Minister, Salem bin Brik, and Central Bank Governor, Ahmed Ghaleb, held a series of intensive meetings in Washington, D.C., aimed at securing financial resources from the Arab and International Monetary Funds to address t...
In his first statement since rescinding his resignation in July, Ahmed Al-Maabqi, the Governor of the Central Bank of Yemen, announced on Thursday, October 24, 2024, that Yemen has lost over $6 billion in domestic resources over the past 30 months. This loss is attributed to the cessation of oil a...
Since the beginning of last week, Aden, the declared interim capital of Yemen, has witnessed intensified government efforts aimed at stabilizing the local currency and preventing its complete collapse. The Yemeni rial has recently plummeted, with the dollar exceeding 2,000 rials, marking the lowes...
The Central Bank of Yemen (CBY), based in the temporary capital of Aden, announced a public auction for the sale of USD 30 million on Monday, October 28th, 2024. This was revealed in Auction Announcement No. (13-2024), published on the CBY's official website. The auction, conducted via the ...
The internationally recognized Yemeni government announced a series of measures aimed at stabilizing the national currency and preventing further devaluation of exchange rates during a Cabinet meeting on Monday, October 21, 2024, in Aden, the country’s temporary capital. During the meetin...
The Central Bank of Yemen in Aden, the country's temporary capital, announced the results of its twelfth auction for 2024 on Sunday, where it offered $50 million for sale. According to a statement on the bank's official website & seen by Barran Press, a total of $25.247 million was ...
Rashad Alimi, the President of the Presidential Leadership Council and Supreme Commander of the Armed Forces, convened an emergency meeting with the High Security Committee on Sunday to discuss measures to empower the Central Bank of Yemen in managing monetary policy and implementing actions to pr...
Rashad Al-Alimi, the President of Yemen's Presidential Leadership Council, reiterated his full support for the Central Bank of Yemen's independence in managing monetary policy during a crisis management meeting held in Aden on Thursday. The meeting, chaired by Prime Minister Ahmed Bin M...
Ahmed Awad Bin Mubarak, the internationally recognized Prime Minister of Yemen, stated on Wednesday that the recent decline in the value of the national currency is unjustified. He characterized this issue as a critical battle, akin to the military efforts to restore the state and end the ongoing ...
The Central Bank of Yemen, based in Aden, the country's temporary capital, announced on Tuesday that it will hold an auction to sell $50 million on Sunday, October 20, 2024. According to an announcement posted on the bank's official website seen by Barran Press, participants must submit...
“Every day the exchange rate rises, and we say we will endure, but each day we are getting worse,” lamented 40-year-old Mahyoub Qassem, expressing frustration over the ongoing decline of the Yemeni rial against foreign currencies and its impact on commodity prices and living conditions. ...
The Central Bank of Yemen urged the government on Tuesday to reevaluate its financial and economic policies, particularly in the areas of public resource mobilization and expenditure planning according to priorities. This call came during a virtual meeting of the bank's board of directors, ...