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

PM praises China's significant support for Yemen

The Prime Minister Salem bin Braik greatly valued the supportive stances of the People's Republic of China in support of the internationally recognized Yemeni government, deeply appreciating the Chinese significant contribution to the development drive and humanitarian actions in Yemen.

Bulgaria Launches First Innovation Centre for Internal Security

Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.

GDP grows 0.1 percent in Eurozone

The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/08/03 Time 10:28:54
Latest News:

Minister of Industry discusses price reductions with major traders, importers

Prime Minister meets with Head of Security, Military Committee

Leadership Council Chairman Receives Turkish Ambassador

Governor of Shabwa Discusses Healthcare Support with Doctors Without Borders

Minister of Water Opens Consultative Workshop for Water Management Project in Tuban Valley

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.