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...
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, ...