CBY bans eight of largest exchange firms in Yemen

ADEN (Debriefer)--The Central Bank of Yemen has banned eight of the largest exchange firms in the country within measures it is taking to address the crash of the national currency. One US dollar i

CBY connects exchange firms to its automatic network

ADEN (Debriefer)--The Central Bank of Yemen on Saturday asked all exchange firms to connect their systems to its automatic network within the efforts to fight currency speculation and sharp deprecia

Government suspends domestic remittances as Yemeni rial crashes

ADEN (Debriefer)--Yemen's internationally recognised government on Sunday ordered to suspend domestic remittances as part of measures aimed at preventing further depreciation of the national currenc

CBY resumes financing import of basic commodities

ADEN (Debriefer)--The Central Bank of Yemen said on Thursday it was resuming procedures for financing the import of basic commodities. The move comes within efforts to address a deepening economic

Gas tanker arrives at Yemeni Hodeida seaport

Sana'a (Debriefer) The Yemeni western seaport of Hodeida on Wednesday received a tanker that was detained by the Saudi-led coalition for many months with gas onboard, spokesman for the Sana'a-based

CBY suspends trade in foreign currencies in government-controlled regions

ADEN (Debriefer)--The Central Bank of Yemen has ordered to suspend trade in foreign currencies in regions controlled by the internationally recognised government amid further depreciation of the ria

Government mulls over use of SDRs to address economic crisis

RIYADH (Debriefer)--Yemen's internationally recognised government on Thursday said it is mulling over all possible options to use Special Drawing Rights at the International Monetary Fund as it is s

CBY shuts down exchange firms as rial falls to record low

ADEN (Debriefer)--The Central Bank of Yemen has shut down nine more exchange firms within a campaign against firms and exchange stores involved in currency manipulation and speculation. The firms i

Sana'a Central Bank rejects banks relocation to Aden

Sana'a (Debriefer) - The Sana'a-based Central Bank of Yemen (CBY) on Monday objected a plan adopted its government-run counterpart to force commercial banks into relocating their headquarters to Ade

Houthis reduce custom fees by 49% in Hodeida port

Sana'a (Debriefer) - The Houthi group has reduced custom fees on goods imported through the Yemeni western port of Hodeida by 49%, member of the Houthi Supreme Political Council tweeted on Friday, d

Depreciation of rial deepens in government-controlled Yemen

ADEN (Debriefer)-- The Yemeni rial on Thursday continued to fall against the US dollar as the Central Bank of Yemen announced new measures to regulate exchange operations. It traded at 1.020 per US

Yemeni exchanger union in Aden starts inclusive strike

Aden (Debriefer) - The Yemeni exchanger union on Tuesday announced an inclusive strike as off 4 August in protest of the deteriorating economy and the depreciation of national currency.In a statemen

Yemeni gov't takes measures to stop rial depreciation

Riyadh (Debriefer) - The Yemeni official government on Tuesday adopted a package of measures aimed to curb economic deterioration and national currency's free fall against foreign moneys.The US$ exc

Houthi proposal replacing banknotes with coins in group-held areas

Sana'a (Debriefer) - Member of the Houthi Supreme Political Council on Thursday asked the Sana'a-based Central Bank of Yemen (CBY) to use coins in place of banknotes, in an attempt to tackle cash sc

Association orders to suspend trade in foreign currencies in south Yemen

ADEN (Debriefer)--The Yemeni Exchangers Association on Monday ordered to suspend trade in foreign currencies in south Yemen as of Tuesday after the national currency dropped to the lowest level sinc

Remittances suspended amid sharp depreciation of rial in government-run Yemen

ADEN (Debriefer)--The Yemeni Exchangers Association announced on Monday it was suspending all financial remittances until a further notice because of the sharp depreciation of the national currency.

Yemeni gov't: Five int'l oil companies resume work soon

Shabwa (Debriefer) - Five international oil companies will resume activity in Yemen within few months, oil minister in the UN-recognized government said Monday, as security conditions improved in oi

Lebanon to release Yemeni funds

BEIRUT (Debriefer)--The governor of the Central Bank of Lebanon Riad Salemeh on Friday said he is putting pressure on Lebanese banks to release funds of Yemeni banks held in Beirut. At a meeting wi