South Arabia

Central Bank in Aden the capital announces resumption of foreign currency auctions

SMA NEWS – ADEN THE CAPITAL
The Central Bank of Aden announced, on Tuesday evening, the resumption of weekly auctions for the sale of foreign currency.

The Aden Central Bank said in a statement that the bank resumed its weekly auctions for the sale of foreign currencies by implementing a series of weekly auctions with amounts exceeding 50 million US dollars for each auction.

The bank indicated that it will announce on Wednesday, the date for implementing the first auction of this year, and it will be followed by other auctions to meet the market’s need for foreign currencies.

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