The Central Bank of Yemen attacks the Presidential Leadership Council and holds it responsible for the collapse of the national currency

— CBY|Central Bank of Yemen (@cby_hq) February 12, 2025

The bank stressed that it will carry out its duties in restoring stability and protecting the national currency, protecting the banking sector, facilitating its performance of its tasks, and enhancing partnership and cooperation with sisterly and friendly countries and international financial and banking institutions to deal with the effects and consequences of classifying the Houthi terrorist militias and their repercussions on the financial and economic sectors and on the interests and dealings of citizens throughout the Republic of Yemen.

In this context, the statement called on the Leadership Council and the government to provide the necessary support to the bank to enable it to carry out its duties with professionalism and independence, calling at the same time for stopping any illegal practices affecting the collection of resources that the bank warned against in its multiple letters to the government.

He also called for redirecting all revenues to the government's general account at the Central Bank without allocation, so that spending can be replanned and available resources used for inevitable financing of obligations according to priorities.

The Bank's Board of Directors also called on the Presidential Leadership Council and the government to take possible measures to restart sovereign revenue facilities in a way that serves the public interest, improves citizens' living conditions, and provides the minimum level of services that have become at their worst.

At the end of its statement, the bank called for activating all agencies and institutions and addressing the bottlenecks that have worsened in light of the almost complete absence of officials.

This comes at a time when the national currency has witnessed a record decline, as the Yemeni riyal reached 2,352 against the dollar, and 615 against the Saudi riyal.