The Central Bank of Yemen’s Lahj branch announced on November 12, 2024, that it has closed several non-compliant money exchange facilities that have not obtained official licenses to operate from the bank. According to Yemen’s official news agency, Saba, the bank's closure...
On November 3, 2024, the Public Prosecution, in collaboration with the Central Bank and security forces, closed 11 non-compliant currency exchange companies in Al-Mahra province as part of a broad initiative to regulate currency trading and combat speculation. According to the official Yemeni N...
On November 1, 2024, security and judicial authorities in Aden, Yemen's temporary capital, closed over 26 currency exchange shops as part of a broader government initiative aimed at stabilizing the national currency, which has been experiencing continuous decline. According to the media cen...
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 Governor of the Central Bank of Yemen in Aden, the temporary capital, Ahmed Ghalib al-Ma'abqi, issued a decision on Thursday, July 11, 2024, to suspend the licenses of six exchange companies and facilities, bringing the total number of companies and facilities whose licenses have been susp...
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...
