The Central Bank of Yemen branch in Marib, northeastern Yemen, has reopened six bank branches after they were closed on Sunday, July 14th, 2024, following orders from the Houthi-controlled capital Sana'a. Jamal al-Kamil, the branch manager, told "Barran Press" that the Marib branc...
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 National Arab Socialist Ba'ath Party, Marib branch, on Saturday, July 13th, 2023, urged against yielding to international pressure to delay the implementation of the Central Bank's decisions. The party accused the United Nations of siding with the Houthis. In a statement obtained by...
The Arab Parliament on Saturday, July 13, 2024, expressed its full support for the internationally recognized Yemeni government's decisions regarding transportation, the economy, and maintaining financial and monetary stability. The parliament also condemned the Houthi group's interference...
A letter from UN Special Envoy Hans Grundberg to Yemen's Presidential Leadership Council, urging the postponement of recent decisions by the Yemeni Central Bank, has ignited widespread anger among Yemenis. The letter has been met with strong warnings against acquiescing to its demands. The ...
Sheikh Abdulwahed al-Qabali Namran, head of the General People's Congress (GPC) branch in Marib Governorate (northeastern Yemen), stated on Thursday, July 11, 2024, that the decisions of the Yemeni Central Bank in Aden "have dealt a fatal blow to the Houthi group, which is internationally...
The Central Bank of Yemen, headquartered in the temporary capital of Aden, has revoked the licenses of six local banks for failing to comply with a directive to relocate their main headquarters to the city. According to a leaked copy of the Central Bank's decision obtained by "Barran P...
The Yemeni Rial has plummeted to an unprecedented low against foreign currencies, despite recent interventions by the Central Bank and a new Saudi aid package. Banking sources in Aden, the temporary capital, reported on Monday, July 8, 2024, that the dollar reached 1870 for purchase, up from 16...
The Houthis, designated as a terrorist group by several countries, stormed the Sana'a residence of Yemen's Central Bank Governor, Ahmed Ghaleb Al-Maabqi, on Saturday, July 6, 2024, according to the Yemeni News Agency (Saba). The agency reported that the Houthis, using multiple military ...
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 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, 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 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...