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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...
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...
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 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...
The Yemeni Defense Ministry, recognized by the international community, announced its support for recent measures taken by the Central Bank of Yemen in Aden on Wednesday, June 5, 2024, calling them "courageous." The announcement came during a meeting of ministry leaders in Aden, the t...
On Sunday, June 2, 2024, the Chairman of Yemen's Presidential Leadership Council, Rashad Al-Alimi, reassured the banking sector and the international community about the importance of the Central Bank's recent decisions. These decisions mandate banks and financial institutions in areas con...
Al Rajhi Bank, one of Saudi Arabia's largest financial institutions, has suspended financial transactions and transfers through six Yemeni commercial banks, aligning with a recent decision by the Yemeni Central Bank (CBY) in Aden. The move comes after the CBY, based in the temporary c...
MoneyGram, a leading international money transfer company, announced its commitment to a decision by the Yemeni Central Bank, based in the temporary capital of Aden. The company confirmed its adherence to the decision on Saturday, June 1st, 2024. According to the official Yemeni News Agency (Sa...
The Houthi leadership has reacted with fury to the Central Bank of Yemen's (CBY) decision in Aden to cease dealings with certain banks and replace old banknotes, accusing Saudi Arabia of being complicit in an "American conspiracy" aimed at undermining their control. In a televised...
Sana'a, Yemen - In a direct response to the internationally recognized Central Bank of Yemen's (CBY) decision in Aden, the Houthi-controlled branch of the CBY in Sana'a has announced a ban on dealings with 13 local banks. This move marks a significant escalation in the ongoin...
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...
Ahmed Ahmed Ghaleb, Governor of Yemen's Central Bank in the temporarily declared capital of Aden (south Yemen), stated on Friday, May 31, 2024, that the Central Bank has acted responsibly since its relocation to Aden, recognizing the importance of the banking sector, per the Ce...
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...
The Yemeni Central Bank, headquartered in the interim capital of Aden, has suspended dealings with six Yemeni banks and financial institutions for failing to relocate their headquarters to Aden within a 60-day deadline. The decision, announced on Thursday, May 30th, 2024, affects the ...