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 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...
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 ...
“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, ...
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...
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...