Aden Central Bank Auctions for Selling Dollars Are Not the Right Solution to Stop the Severe Deterioration of the Local Currency
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On 09/03/2025, the Aden Central Bank offered to sell $30 million to bidders in Auction No. 7-2025. The first auction of the year, Auction No. 1-2025, was held on 20/01/2025, offering $50 million for sale. The Aden Central Bank has been conducting these dollar auctions since late 2021, with support from the World Bank, the International Monetary Fund (IMF), and other international banks that follow open market policies.
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