CBY warns banks against failing to submit financials or move to Aden

Yemen, Arab and Muslim Nations Reject Somaliland Move to Establish Mission in Occupied Jerusalem

Yemen and several Arab and Muslim countries have denounced the announcement by the self-declared Somaliland region regarding the opening of what was described as a diplomatic mission in occupied Jerusalem, calling the move unlawful and a clear breach of international law and relevant UN resolutions governing the status of the city.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/25 Time 02:15:28
Latest News:

Chairman of the Consultation Authority Meets Japanese Ambassador to Yemen

Yemeni, Egyptian Foreign Ministers Lead Ninth Round of Strategic Dialogue in Cairo

Yemen Extends Condolences to China over Shanxi Coal Mine Explosion Victims

Health Minister, Qatari Counterpart Discuss Expanding Bilateral Health Cooperation

Al-Alimi Meets with Several Military Leaders, Stresses Importance of Readiness and Unified Efforts

CBY warns banks against failing to submit financials or move to Aden

[05/08/2021 03:21]

ADEN-SABA
The Central Bank of Yemen has warned commercial and Islamic banks of failing to submit their financial statements or move headquarters from Houthi militants-controlled Sana'a to the interim capital Aden.

The warning came in a meeting chaired by the CBY's deputy governor Shakib Alhobeishi in the temporary capital Aden on Thursday.

The CBY warned the said banks they would bear consequences for putting them on the non-compliant banks list that will be circulated to all local and international financial institutions and organizations of concern.

The CBY demanded the banks to submit their financial statements within 15 days.

It ordered all commercial and Islamic banks to promptly move head offices to Aden where the CBY operates to allow for an easy verification and auditing of their dealings.

The CBY called on all commercial companies and vendors to carry out no financial or banking transactions including opening letters of credit or money transfers with the banks prone to be listed as non-compliant. The CBY said it won't bear any responsibilities for any damages resulting from dealing with non-compliant banks.

It affirmed that it would cash the foreign bank accounts of only the compliant banks to cover their letters of credits and import finance remittances.