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2 clusters · 4 sources · 21 days · First seen 23 days ago · Last updated 2 days ago

Yemeni central bank monetary and currency instability

Overview

The Yemeni banking sector is navigating significant monetary instability and regional divisions. In Aden, the Central Bank announced a strategic plan to address a foreign exchange crisis through the establishment of a General Department for Strategic Planning, restructuring anti-money laundering departments, and implementing austerity policies for the first half of 2026.

Simultaneously, the Central Bank in Sana'a has begun processing requests to exchange approximately 60 billion Yemeni Rials in newly printed currency from the West Coast regions, including parts of Taiz and Hodeidah. This follows the control of these areas by Sana'a-aligned forces. To maintain exchange rate stability and prevent inflation, Sana'a authorities have prohibited the circulation of banknotes issued by the government.

Entities

Hodeidah · Aden · Central Bank of Yemen · Ahmed Ahmed Ghaleb · Central Bank of Sana'a

Timeline

2 days ago

[BUSINESS] 2 sources
Sana'a Central Bank processes 60 billion Rial exchange requests
The Central Bank in Sana'a is processing requests to exchange over 60 billion Yemeni Rials in newly printed currency from the West Coast to maintain economic stability.
23 days ago

[BUSINESS] 2 sources
Central Bank of Yemen announces plan to tackle foreign exchange crisis
The Central Bank of Yemen is implementing strategic measures in Aden to combat foreign exchange shortages, enhance cybersecurity, and strengthen anti-money laundering oversight to stabilize the economy.

Sources

alaraby.co.uk · media.almashhad-alyemeni.com · yemenat.net · yemeneco.org