Tuesday, 06 Shawwal 1447 | 2026/03/24
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Um Amer

Um Amer

Aden Central Bank Auctions for Selling Dollars Are Not the Right Solution to Stop the Severe Deterioration of the Local Currency

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.

“Low-Cost” Religiosity

One of the most dangerous paths taken by many individuals within the Islamic Ummah is the tendency towards a “low-cost” religiosity, i.e., worshipping Allah (swt) with the bare minimum, which the negligent believe will save them from the Wrath of Allah (swt) and absolve them of any blame regarding their Ummah, Deen, and lands.

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