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...
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 Governor of Yemen's Central Bank, Ahmed Ghalib Al-Mubaaqi, has refused to back down from his recent decisions despite mounting pressure, according to a source within the bank. Al-Mubaaqi is currently in Riyadh, Saudi Arabia, where he is reportedly engaging in discussions with the President...
Six Yemeni banks sanctioned by the Central Bank of Yemen (CBY) in Aden, the country's temporary capital, have received official notification that their SWIFT access will be suspended within five days, according to informed banking sources. The sources told "Barran Press" that the ...
The Central Bank of Yemen (CBY) in Aden, the country's temporary capital, issued a statement on Sunday, July 14, 2024, denying the authenticity of a circulating memo attributed to Governor Ahmed Ghalib al-Maabaqi. The memo allegedly instructed the Saudi Ambassador to Yemen, Mohammed al-Jaber, ...
The Central Bank of Yemen, based in the temporary capital Aden, issued a directive on Saturday, July 6, 2024, instructing all banks operating in various governorates to conduct financial and banking transactions solely with the legal management of "Al-Hadatha Pharmaceutical Company" and ...
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...
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 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 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...
On Friday, May 31, 2024, the Presidential Leadership Council announced its full support for the decisions of the Central Bank of Yemen, "its measures and policies aimed at protecting the banking system and ending monetary distortions." The Council urged the continuation of &quo...
The Central Bank of Yemen has called upon individuals, commercial establishments, companies, other entities, as well as financial and banking institutions holding old edition banknotes predating 2016, of various denominations, to promptly deposit them within a maximum period of sixty day...