ADEN, YEMEN – The Central Bank of Yemen (CBY) in Aden strongly refuted allegations circulating on social media that it was involved in smuggling large sums of money through official channels under the governor's signature. A senior bank official stated that all funds transferred through ...
Rashad Alimi, the President of the Presidential Leadership Council and Supreme Commander of the Armed Forces, convened an emergency meeting with the High Security Committee on Sunday to discuss measures to empower the Central Bank of Yemen in managing monetary policy and implementing actions to pr...
ADEN, Yemen – The Central Bank of Yemen (CBY) announced on Sunday, August 18, 2024, an open auction for the sale of $50 million on Thursday, August 22, 2024. The announcement, labeled Auction No. (11-2024) for the sale of foreign currency, was published on the CBY's official webs...
A protest took place in Aden, Yemen's temporary capital, on Thursday, July 25, 2024, in front of the Central Bank of Yemen headquarters. The protest condemned the rollback of recent decisions aimed at regulating the banking sector, according to a Barran Press correspondent. The demonstratio...
The Central Bank of Yemen, based in the temporary capital Aden, issued a statement on Sunday, July 14th, 2024, condemning "in the strongest terms" the Houthi militia's "arbitrary practices against the national banking sector, particularly commercial and Islamic banks, and microf...
The Yemeni Presidential Leadership Council (PLC) has reaffirmed its commitment to implementing economic measures and curtailing the "hostile approach" of the Houthi rebels, according to a statement released on Sunday, July 14th, 2024. The statement came following a meeting between PLC...
Six banks targeted by sanctions from the Central Bank of Yemen (CBY) temporarily closed their branches in Aden and Taiz on Sunday, July 14, 2024, in protest of the CBY's decision to revoke their licenses and suspend their access to the SWIFT system. The banks, including Al-Kereemy Ban...