Exchange companies in Marib Governorate, northeastern Yemen, closed their doors on Thursday following a directive from the Central Bank of Yemen in Aden. Local and banking sources told "Barran Press" that the closure, intended to stabilize the rapidly declining Yemeni riyal, has resulted...
The Yemeni rial plummeted to a historic low against foreign currencies today, exacerbating the country's ongoing economic crisis. Banking sources in Aden, the interim capital, reported that the US dollar reached a record high of 2,306 rials.The Saudi riyal also fluctuated sharply, trading at 6...
On January 12, 2025, the Yemeni rial reached its lowest value ever, with the dollar surpassing 1100 rials. In Aden, the rial traded at 2110 per dollar (buying) and 2120 (selling). The Saudi rial stood at 554 (buying) and 555 (selling), with further drops expected. In Houthi-controlled areas, th...
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...