Protests Erupt in Hadramawt Over Deteriorating Conditions

Protests Erupt in Hadramawt Over Deteriorating Conditions

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...

Central Bank of Aden Sells $25 Million in Latest Currency Auction

Central Bank of Aden Sells $25 Million in Latest Currency Auction

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 ...

Yemeni Rial Hits All-Time Low Amid Currency Crisis

Yemeni Rial Hits All-Time Low Amid Currency Crisis

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...