Yemen, Arab League Discuss Developments and Strengthening Support for Yemen
Foreign Minister Dr. Afrah al-Zouba discussed developments in Yemen and ways to strengthen Arab coordination in support of the Yemeni government and people during a phone call on Wednesday with Arab League Secretary-General Nabil Fahmy.
GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia
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EU Allocates 525 Million Euros to Support Startups in Chip Design
European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.
Al Nassr Beat Al Fateh 3-0 in Saudi Football League
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Last Update: ،
2026/11/12
Time
07:43:53
Latest News:
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Latest News:
Al-Arada Discusses Houthi Escalation and Taiz Siege with British Ambassador
Coalition Intercepts and Destroys Two Houthi Drones Over Saudi Arabia
Taiz Governor Discusses Cash Shortages, Food Supply Stability with Central Bank
Yemen, UN Release Third Update of Nationally Determined Contributions at COP31
National Battle Steadily Moving Toward Achieving its Planned Objectives—Members of PLC stressed
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.
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.
Key words:
systematically - SABA Governor - transactions - headquarters - institutions - Controlling - 'terrorist' - regulations - relocating - components -
Yemen, Arab League Discuss Developments and Strengthening Support for Yemen
Al-Arada Discusses Houthi Escalation and Taiz Siege with British Ambassador
Coalition Intercepts and Destroys Two Houthi Drones Over Saudi Arabia
Yemen, UN Release Third Update of Nationally Determined Contributions at COP31
National Battle Steadily Moving Toward Achieving its Planned Objectives—Members of PLC stressed
Ambassador al-Saadi Discusses Strengthening Humanitarian, Development Cooperation with New UN Resident Coordinator
Coalition Intercepts and Destroys Houthi Ballistic Missile Targeting Southern Saudi Arabia
Yemen, Indonesia Discuss Cooperation on Migration and Rehabilitation Affairs
Foreign Minister Informs President of ICRC on Humanitarian Situation in Yemen
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