Leadership Council Chairman Meets Gulf Cooperation Council Ambassador
His Excellency President Rashad al-Alimi, Chairman of the Presidential Leadership Council, met with Ambassador of the Gulf Cooperation Council (GCC), Sarhan Al-Muneekhr, to discuss political and economic developments in Yemen, progress in comprehensive reforms and their positive impact on Yemen's currency exchange rate, regional and international support needed to consolidate successes and end humanitarian suffering caused by Houthi militia backed by Iran.
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Last Update: ،
2025/11/27
Time
04:18:15
Latest News:
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Latest News:
Agriculture Minister Honors 26 Rural Women on World Food Day and Rural Women's Day
Medical Conference Calls for Establishment of Specialized Vascular Surgery Hospital in Aden
Yemen Participates in Annual International Meeting of WHO Laboratory Networks in France
Houthi Landmine Explosion Kills Two Civilians in Yemen's Nehem District
British Delegation Acknowledges KSrelief's Efforts in Yemen
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 -
Leadership Council Chairman Meets Gulf Cooperation Council Ambassador
Medical Conference Calls for Establishment of Specialized Vascular Surgery Hospital in Aden
Yemen Participates in Annual International Meeting of WHO Laboratory Networks in France
Houthi Landmine Explosion Kills Two Civilians in Yemen's Nehem District
British Delegation Acknowledges KSrelief's Efforts in Yemen
Information Minister Urges Lebanon to Shut Down Houthi Media Outlets Operating from Beirut
President al-Alimi: We're determined to go on controlling, accountability, combating corruption
President al-Alimi highly praises Emirati support for electricity in Yemen
Taiz Governor Discusses with UN Resident Representative Coordination of Efforts to Ensure Continuity of Humanitarian, Development Services
Leadership Council Reaffirms Support for Comprehensive Reforms and Praises Military Readiness
