The leadership of the Central Bank of Yemen, headed by Deputy Governor Mohammed Banajah, met with European Union ambassadors on Tuesday to discuss the implementation of the July 2024 agreement announced by the UN envoy to Yemen, which resulted in the cancellation of certain bank decisions. The ...
The internationally recognized Yemeni government convened an emergency meeting on Tuesday with the leadership of the Central Bank and the Ministry of Finance to address the recent developments surrounding the national currency's exchange rates. The meeting aimed to discuss urgent measures in l...
A recent official document from the Yemen Commercial Banks Association has unveiled a "severe liquidity crisis" plaguing banks in areas controlled by the Houthi movement, which is internationally classified as a terrorist organization. The crisis is attributed to measures taken by the gr...
On September 25, 2024, Major General Sultan Al-Arada, a member of the Presidential Leadership Council, and Ahmed Awad Bin Mubarak, the recognized Prime Minister of Yemen, inaugurated the main center of Al-Salam Capital Islamic Microfinance Bank, marking it as the second private bank to estab...
On Tuesday, September 24, 2024, Rashad Alimi, the President of Yemen’s Presidential Leadership Council, reiterated his request to the World Bank to direct its financial support through the Central Bank in Aden, the city designated as Yemen's temporary capital. During a meeting in New ...
Hafedh Fakher Meyad, former governor of the Central Bank of Yemen, has lauded the role of Marib's local authorities in resisting the Houthi insurgency and supporting the relocation of the Central Bank to Aden. In a statement to "Bran Press" coinciding with the 10th anniversary of the...
Aden, Yemen - The Central Bank of Yemen announced on Thursday, September 12, 2024, that it will hold an auction for long-term domestic public debt instruments. The announcement, made in Aden, the temporary capital of Yemen, was published by the official Yemeni news agency Saba. The instrum...
Yemeni Prime Minister Ahmed Awad bin Mubarak has reiterated his government’s commitment to forging strategic partnerships with the private sector, particularly banks and financial institutions. During a meeting with representatives of Yemeni banks and financial institutions particip...
Egyptian President Abdel Fattah el-Sisi warned on Thursday, August 29, 2024, of the "extreme danger" posed by the current Israeli military escalation in the occupied West Bank to the region. Sisi's warning came during a meeting in Cairo with a delegation from several US Congressio...
The Central Bank of Yemen in Aden, the temporary capital of the country, announced the results of its 11th auction for the sale of US dollars for the year 2024 on Thursday. The bank sold $19.182 million out of the $50 million offered, at an exchange rate of 1,891 Yemeni rials per dollar. The ba...
The internationally recognized Yemeni government announced on Tuesday, August 20, 2024, its intention to explore the establishment of a Yemeni-Chinese bank. This initiative aims to simplify the transfer of funds for exporters and importers, as well as remittances to and from China. The announce...
ADEN, Yemen – The Central Bank of Yemen (CBY) announced on Sunday, August 18, 2024, an open auction for the sale of $50 million on Thursday, August 22, 2024. The announcement, labeled Auction No. (11-2024) for the sale of foreign currency, was published on the CBY's official webs...
The Central Bank of Yemen, headquartered in the temporary capital of Aden, commenced a process of destroying unfit local currency notes of all denominations on Wednesday, August 14th, 2024. The official Yemeni news agency Saba reported that the Deputy Governor of the Central Bank of Yemen, Dr. ...
The Central Bank of Yemen, based in the temporary capital of Aden, announced on Tuesday, August 7, 2024, that it had revoked recent decisions against banks "in implementation of government commitments and in response to the efforts of brotherly and friendly nations and international efforts t...
A protest took place in Aden, Yemen's temporary capital, on Thursday, July 25, 2024, in front of the Central Bank of Yemen headquarters. The protest condemned the rollback of recent decisions aimed at regulating the banking sector, according to a Barran Press correspondent. The demonstratio...
Several Gulf states have welcomed a recent agreement between the Yemeni government and Houthi rebels to de-escalate tensions regarding the banking sector and Yemenia Airlines. The agreement, announced on Tuesday, July 23, by the UN Special Envoy for Yemen, Hans Grundberg, has been hailed as a posi...
The Central Bank of Yemen in Aden, the country's temporary capital, announced the results of its 10th auction of 2024 on Wednesday, July 24. The auction saw the sale of $16.9 million out of a total of $30 million offered, at an exchange rate of 1884 Yemeni rials per US dollar. The bank'...
The internationally recognized Yemeni government on Tuesday, July 23, 2024, expressed its welcome for the agreement announced by the UN Special Envoy for Yemen regarding the "reversal of recent decisions affecting banks and the banking sector, the resumption of flights through Sana'a Inte...
The Governor of Yemen's Central Bank, Ahmed al-Mabaqi has resigned, citing the government's reversal of recent bank decisions aimed at regulating the banking sector and overseeing banks. The resignation was confirmed on Tuesday, July 23, 2024, by local sources. Al-Mabaqi submi...
The Yemeni Presidential Leadership Council has unanimously rejected the resignation of Central Bank Governor Ahmed Ghalib Al-Mabaqi, according to a statement released by the Presidential Office on Tuesday, July 23, 2024. The statement also urged media outlets to handle the sensitive nature o...