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...