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...
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...
ADEN, Yemen – The Central Bank of Yemen (CBY) announced on Sunday, August 18, 2024, an open auction for the sale of $50 million on Thursday, August 22, 2024. The announcement, labeled Auction No. (11-2024) for the sale of foreign currency, was published on the CBY's official webs...
The Central Bank of Yemen, headquartered in the temporary capital of Aden, commenced a process of destroying unfit local currency notes of all denominations on Wednesday, August 14th, 2024. The official Yemeni news agency Saba reported that the Deputy Governor of the Central Bank of Yemen, Dr. ...
The Central Bank of Yemen, based in the temporary capital of Aden, announced on Tuesday, August 7, 2024, that it had revoked recent decisions against banks "in implementation of government commitments and in response to the efforts of brotherly and friendly nations and international efforts t...
A protest took place in Aden, Yemen's temporary capital, on Thursday, July 25, 2024, in front of the Central Bank of Yemen headquarters. The protest condemned the rollback of recent decisions aimed at regulating the banking sector, according to a Barran Press correspondent. The demonstratio...
The Central Bank of Yemen in Aden, the country's temporary capital, announced the results of its 10th auction of 2024 on Wednesday, July 24. The auction saw the sale of $16.9 million out of a total of $30 million offered, at an exchange rate of 1884 Yemeni rials per US dollar. The bank'...
The Yemeni Presidential Leadership Council has unanimously rejected the resignation of Central Bank Governor Ahmed Ghalib Al-Mabaqi, according to a statement released by the Presidential Office on Tuesday, July 23, 2024. The statement also urged media outlets to handle the sensitive nature o...
The internationally recognized Yemeni government on Tuesday, July 23, 2024, expressed its welcome for the agreement announced by the UN Special Envoy for Yemen regarding the "reversal of recent decisions affecting banks and the banking sector, the resumption of flights through Sana'a Inte...
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...
A recent research study has shed light on the reasons behind the Presidential Leadership Council's (PLC) provisional agreement to postpone the Central Bank of Yemen's (CBY) decision to revoke licenses of non-compliant banks. The study, published by the Mukha Center for Strategic Studies an...
Yemeni President Rashad al-Alimi on Monday, July 22, 2024, briefed the European Union delegation on the latest developments in Yemen, including the repercussions of the Israeli airstrikes on Yemeni territory, and the attacks by the internationally recognized terrorist group, the Houthis, on oil fa...
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, based in the temporary capital Aden (southern Yemen), announced on Thursday, July 18, 2024, that it will hold an auction to sell $30 million USD (30,000,000 USD) on Wednesday, July 24, 2024. The announcement, for auction number (10-2024) to sell foreign currency, was ...
On Tuesday, July 15, 2024, Yemeni political parties and forces issued a stern warning against any reversal of recent decisions made by the Central Bank of Yemen and the Presidential Leadership Council. The statement, which was obtained by Barran Press, asserted that such a move would have &q...
The Southern Transitional Council (STC) has issued a warning about the potential "negative consequences" of halting or suspending decisions made by the Central Bank of Yemen, aimed at preventing the Houthi group, designated as a terrorist organization by the international community...
The Central Bank of Yemen, based in the temporary capital Aden, issued a statement on Sunday, July 14th, 2024, condemning "in the strongest terms" the Houthi militia's "arbitrary practices against the national banking sector, particularly commercial and Islamic banks, and microf...