A recent report by the UN Security Council's Panel of Experts has revealed that the Houthi movement, classified as a terrorist organization, is engaged in large-scale forgery of Yemeni currency and passports to fund its military operations and undermine the national economy. In its annual r...
HADRAMAWT, Yemen In the past few hours, several cities in Hadramawt Governorate have witnessed angry demonstrations and motorcycle rallies in response to the collapse of the national currency and a decline in public services. In Mukalla, the capital of Hadramawt, a symbolic women's mar...
Since the beginning of last week, Aden, the declared interim capital of Yemen, has witnessed intensified government efforts aimed at stabilizing the local currency and preventing its complete collapse. The Yemeni rial has recently plummeted, with the dollar exceeding 2,000 rials, marking the lowes...
A government meeting in Aden, the temporary capital of Yemen, addressed the repercussions of currency devaluation and the impact on citizens' livelihoods, as reported by the official Yemeni News Agency, Saba. The meeting brought together Deputy Minister of Industry and Trade Salem Al-Wali, ...
The Central Bank of Yemen in Aden, the country's temporary capital, announced the results of its twelfth auction for 2024 on Sunday, where it offered $50 million for sale. According to a statement on the bank's official website & seen by Barran Press, a total of $25.247 million was ...
A protest took place in Taiz, southwestern Yemen, on Wednesday, voicing strong opposition to the ongoing decline of the Yemeni rial against foreign currencies. The demonstration marched through Jamal Street, culminating in front of the local authority's temporary headquarters at the Oil Com...
Ahmed Bin Mubarak, the internationally recognized Prime Minister of Yemen, urged for increased international support on Tuesday to halt the decline of the national currency, which has recently plummeted below 2,000 rials per US dollar. This call came during his meeting with Norway’s Speci...
On the evening of Sunday, October 6, 2024, the Yemeni rial collapsed to an unprecedented low against foreign currencies in areas controlled by the internationally recognized Yemeni government, according to banking sources. In unofficial trading in Aden, the temporary capital of Yemen, the excha...
The Taiz Military Axis, affiliated with the Yemeni army, issued strict directives on Thursday, June 20, 2024, to implement recent decisions and instructions from the Central Bank of Yemen regarding currency circulation. These directives regulate the entry and exit of currency between are...