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 ...
A new initiative aimed at easing the escalating crisis between the internationally recognized Central Bank of Yemen in Aden and its branch in Sana'a, controlled by the Houthi group, was announced on Saturday, May 25th, 2024. The initiative, unveiled by the Economic Reform Team and reported by ...
President of the Presidential Council, Rachad Al-Alimi, has called on the United Kingdom to channel all approved international funding for Yemen through the Yemeni Central Bank in Aden. During a meeting with British Ambassador Abdo Sherif on Sunday, May 26th, Al-Alimi stated that this move would &...