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Last Update: ،
2025/08/02
Time
07:55:34
Latest News:
PM orders well preparations for International Conference on Food Security in Yemen
Yemeni Minister Discusses Water and Environment Projects with UNDP
Deputy Planning Minister Discusses Development Support with UN Advisor
Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services
Parliament Speaker participates in conference for parliamentary leaders
Latest News:
PM orders well preparations for International Conference on Food Security in Yemen
Yemeni Minister Discusses Water and Environment Projects with UNDP
Deputy Planning Minister Discusses Development Support with UN Advisor
Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services
Parliament Speaker participates in conference for parliamentary leaders
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 Welcomes International Recognition of Palestinian State
Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services
Parliament Speaker participates in conference for parliamentary leaders
Cabinet Reviews Current Developments, Service Conditions, and Central Bank Report
Agriculture Minister Discusses Livestock Project with UNIDO
General al-Zubaidi, commends humanitarian interventions of ICRC
Interior Minister Discusses Enhanced Security Cooperation with US Acting Ambassador
FM confers with his Portuguese counterpart over bilateral relations
Supreme National Revenues Committee addresses economic situation
Yemen joins International Conference on resolving Palestinian issue, implementing the two-state solution
