The Minister of Justice, Badr Al-Aradah, issued a circular prohibiting the use of foreign currencies in all commercial, service, and financial contract transactions within the Republic of Yemen, except in cases requiring payment in foreign currency. The circular, addressed to heads of courts and documentation offices, mandates the use of the national currency, the Yemeni Rial, in various transactions including tuition fees, medical fees, rents, and travel tickets, based on Cabinet Resolution No. (13) of 2025 aimed at enhancing the sovereignty of the national currency and maintaining its stability. The Minister emphasized the need to monitor implementation, apprehend violators, and refer them to competent authorities according to the law. Legal trustees are obligated not to conclude any financial contracts in non-national currency, with strict legal measures against violations.
This step is part of a series of measures recently taken by the government and the Central Bank of Yemen to curb currency speculation and boost confidence in the Yemeni Rial, including tightening control over the exchange sector and regulating financial markets.
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