The Governor of the Central Bank of Yemen in the temporary capital, Aden, issued two decisions within the past 24 hours, suspending the licenses of 12 money exchange companies, bringing the total number of suspended companies and establishments to 15. According to the Governor's decisions, ...
The Marib branch of the Central Bank of Yemen (CBY) on Wednesday, July 3, 2024, denied reports circulating on social media that it had apologized for closing the branch of Al-Majrabi Exchange Company in the governorate. In a statement received by Barran Press, the bank said, "We were surpr...
Two high-ranking government sources, one from the internationally recognized Yemeni government and another from the Central Bank of Yemen in Aden, have denied reports that President Rashad al-Alimi ordered a rollback of recent decisions by the bank and the Ministries of Transportation and Co...
The Yemeni Central Bank is preparing a "harsh" decision against commercial banks that have not complied with its instructions and decisions in areas controlled by the Houthi group, a designated terrorist organization by the international community, according to a source within the bank, ...
A recent economic study, published on June 30th, 2024, argues that Yemen's economic woes are rooted in deeper issues than simply relocating bank headquarters, citing the halt of oil exports and the collapsing currency as key contributing factors. The study, authored by economist and analyst...
The Central Bank of the self-proclaimed temporary capital city of Aden in southern Yemen issued a decisive announcement last Wednesday, June 26th, to completely and permanently halt the operations of local financial transfer networks owned by banks, financial institutions, or currency exchange com...
Aden, Yemen's interim capital, witnessed a significant move by the Central Bank of Yemen on Thursday, June 27th, 2024, as it suspended the licenses of two exchange companies and closed their branches across the country. This action is part of the bank's ongoing efforts to regulate the bank...
The Central Bank of Yemen (CBY) in Aden, the temporary capital of the country, has denied reports circulating online that it has banned the import of goods, including vegetables, from Sana'a and areas controlled by the Houthi group. In a statement released on its official website on Tuesday...
The Central Bank of Yemen, headquartered in the temporary capital Aden, has issued a directive banning all dealings with 12 unlicensed entities, wallets, and electronic payment services. The directive, issued on Wednesday, June 26th, 2024, applies to all banks, exchange companies, and money transf...
The Food and Agriculture Organization of the United Nations (FAO) has issued a stark warning, predicting a significant and rapid decline in the value of the Yemeni Rial in government-controlled areas over the next four months. The organization estimates a monthly depreciation of at least 5% due to...
Dr. Rashad Al-Alimi, Chairman of the Presidential Leadership Council, made a significant announcement on Saturday, June 15, 2024, regarding his government's stance on the Houthi group's violations. Dr. Al-Alimi declared that his government would maintain a policy of "economic firmness...
The Saudi Ambassador to Yemen, Mohammed Al Jaber, confirmed on Friday, June 14th, the transfer of the third installment of the Saudi deposit to the Central Bank of Yemen, supporting the internationally recognized government's budget in the face of a deficit. Al Jaber, in a post on the X pla...
The Central Bank of Yemen in Aden, the country's temporary capital, announced a series of measures on Thursday, June 13th, 2024, aimed at regulating money transfer mechanisms and obligating all local exchange companies to comply, coinciding with the arrival of a new tranche of a Saudi grant to...
The Yemeni Central Bank announced on Tuesday, June 11, 2024, that it has temporarily allowed the disbursement of April and May salaries for some government entities and employees, as well as May salaries for certain employees, citing the approaching Eid al-Adha holiday and the need to address empl...
Yemeni Prime Minister, Ahmed bin Mubarak, emphasized the need for synchronized fiscal and monetary policies and a collaborative relationship between the government and the Central Bank of Yemen, during a visit to the bank's headquarters in Aden on Sunday, June 9th, 2024. This comes a day after...
The internationally recognized Yemeni government has issued a stark warning to mobile phone companies operating in the country, demanding they relocate their headquarters from Sana'a to the temporary capital, Aden, immediately. The Ministry of Communications and Information Technology state...
Sources within the Houthi-controlled capital Sana'a have revealed a series of retaliatory measures the group is planning in response to recent decisions by the internationally recognized Central Bank of Yemen in Aden. These measures include threats against oil infrastructure and internet...
The Central Bank of Yemen, based in the temporary capital of Aden (southern Yemen), declared on Friday, June 7th, 2024, that its recent decisions are being implemented according to the planned schedule and deadlines. The bank issued a warning against the spread of what it termed "suspicious r...
The European Union (EU) delegation in Yemen has expressed its understanding and support for recent decisions made by the Central Bank of Yemen (CBY) in Aden, the country's temporary capital. The CBY has taken steps to protect the Yemeni banking sector from continued violations by the Hou...