Central Bank of Yemen: Most banks in Sana'a have decided to relocate their headquarters and operations to Aden.

The Central Bank of Yemen announced on Saturday that the majority of banks in Sana'a have decided to relocate their operations to the interim capital, Aden, to avoid US sanctions following the decision to designate the Houthis as a foreign terrorist organization. The bank affirmed its readiness to provide all possible support and protection.

The Central Bank of Yemen said in a statement that it had received written notification from the majority of banks headquartered in the capital, Sana'a, stating that they had decided to relocate their operations to the interim capital, Aden, to avoid falling under the strict sanctions imposed by the United States after it announced the start of implementing the designation.

While welcoming this step, the bank affirmed its readiness and preparedness to provide all possible forms of support and protection to all banks, financial institutions, and economic institutions to ensure they continue to provide their services to Yemeni citizens at home and abroad, and in all governorates. The Central Bank will verify the full implementation of the transfer decision and issue certificates to that effect.

The Central Bank of Yemen also affirmed its readiness to work with and cooperate with all international and regional financial and relief institutions to preserve the banking system in Yemen and enable them to carry out their work and duties without hindrance.

The statement called on all banks and financial and economic institutions to handle the incident responsibly and with extreme care, to preserve citizens' property, maintain their services, and avoid any adverse consequences that would complicate transactions with the local, regional, and international financial and banking systems.

He also called on everyone to act responsibly, taking into account the interests of citizens and the country, to avoid further complications and suffering.

‎The bank also affirmed that it is aware of the complexities of the situation and is acting with care and responsibility, based on its legal and professional duties and international commitments. Its primary goal is to avoid any repercussions that could harm the interests of citizens and the national economy, particularly the banking sector.

In this context, he called on everyone to understand these circumstances and act with a sense of national responsibility to protect the banking sector and the national economy from these risks. He warned everyone of the repercussions of being lenient with these developments, emphasizing the need to adhere to the provisions of applicable laws and to observe the rules governing financial and banking transactions regionally and internationally.