Central Bank of Yemen notifies banks in Sana'a to relocate their HQs in Aden within 60 days

President al-Alimi calls on EU to move from crisis management to eliminating Houthi threat, strengthening security, economic partnership

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) met with the High Representative of the European Union (EU) for Foreign Affairs and Security Policy, Kaya Kallas, on the sidelines of the Munich Security Conference.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/14 Time 11:35:20
Latest News:

President al-Alimi praises Finland's support for Yemen

PLC Member al-Muharrami Reviews Plans of Social Affairs and Labor Ministry in Riyadh

Leadership Council Chairman Meets Bahrain's Foreign Minister, Emphasizes Gulf Support

Leadership Council Chairman Meets US Senior Adviser to Discuss Support for State and Countering Iranian ..

Leadership Council Chairman Discusses with Dutch PM European Support to End Houthi Terror Threat

Central Bank of Yemen notifies banks in Sana'a to relocate their HQs in Aden within 60 days

[02/04/2024 06:48]

ADEN-SABA
Governor of Central Bank of Yemen (CBY) Ahmed Ghalib issued today, Tuesday, a decree no (17) of 2024 about relocating headquarters (HQ) of the commercial and Islamic banks as well as Micro-Finance banks from the city of Sana'a to the temporary capital Aden.

The CBY gives the banks 60 to relocate their HQ, otherwise legal measures will be taken against the banks which fail to comply with the decree.

The decree states " Legal measures will be taken against the banks which fail to comply with the decree under the provisions of the Law of Controlling Money Laundering and Financing Terrorism and the internal bylaw of the Law".

The CBY attributed its decree to the ongoing illegal measures against the banks operate in Sana'a by a group has been designated a 'terrorist', a matter that risking freezing the banks' accounts and ceasing dealing with them externally.

The CBY noted that the Terrorist Houthi militias have taken measures to issue illegal coins that is messing up with financial and banking system in the country. The militias also prevented the banks and financial institutions from dealing with national currency, issuing illegal regulations that are set to cease the work of the banking laws and prevent banking transactions, systematically ruining the banking sector components.

The CBY confirmed that this decree is set to enable the bank to do its monitoring tasks in accordance with the law.