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

Yemen Participates in Indian Ocean Rim Association Senior Officials Meeting

Yemen participated on Monday in the 28th Meeting of the Senior Officials' Committee of the Indian Ocean Rim Association (IORA), held in the Indian capital, New Delhi, with a delegation headed by Deputy Foreign Ministry Undersecretary for Financial and Administrative Affairs Ousan Al-Awd.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/15 Time 05:07:30
Latest News:

Yemen Participates in Indian Ocean Rim Association Senior Officials Meeting

Taiz Governor Discusses with German Ambassador Local Development Support, Strengthening Partnership

Al-Arada Affirms Building Professional National Military Institution، Strategic Plan for the State

Masam Removes 2,843 Mines and Unexploded Ordnance Since Beginning June

Prime Minister Opensin Aden National Conference on Partnership, Integration Between Government and Local ..

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.