The Central Bank of Yemen stops banking via electronic applications and announces new controls to regulate financial activities

The circular confirmed that the Central Bank will, through inspection teams, conduct surprise field and qualitative inspections to verify the commitment of companies and establishments in various regions.

He stressed the need for full compliance with the circular, warning that in the event of a violation or failure to enable the bank's inspectors to complete their inspection tasks in the required manner, strict legal measures will be taken against violators, which may include suspending or cancelling permits.

The Central Bank of Yemen aims, through these measures, to limit speculation in the national currency, in light of its unprecedented decline against foreign currencies.