Central Bank in Sanaa prohibits dealings with 13 banks, entities
3 Min Read
The decision follows a recent move by the Central Bank in Aden, controlled by the Saudi-appointed Presidential Leadership Council, which issued a directive to halt dealings with six commercial banks in Sanaa.
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People walk in front of the building of the Central Bank of Yemen in the capital Sanaa on August 25, 2016. (AFP)
The Central Bank of Yemen in the capital, Sanaa, issued Friday a decision prohibiting dealings with 13 banks and entities, most of which are headquartered in the city of Aden, for violating the law.
This decision follows a recent move by the Central Bank in Aden, controlled by the Saudi-appointed Presidential Leadership Council, which issued a directive to halt dealings with six commercial banks based in Sanaa.
The Central Bank of Yemen stated that the implicated banks and entities "have leaked, disclosed, and handed over financial data to hostile countries and entities and collaborated with them to harm the Republic of Yemen and its citizens."
The statement indicated that the decision was taken due to these banks and entities violating existing laws of the Central Bank in Sanaa, engaging in unlicensed banking activities, and breaching anti-money laundering and counter-terrorism financing regulations.
The Central Bank of Yemen affirmed that violators of this decision "will face accountability and legal penalties, effective immediately."
As part of the economic aggression against Yemen and with the aim of deterring its support for Palestine, the Central Bank in Aden, affiliated with the Saudi coalition of aggression, issued Thursday two escalatory decisions.
The first decision halted dealings with six banks in Sanaa, while the second mandated the withdrawal of old paper currency circulated in Yemeni regions under the control of the Sanaa government.
Mohammed Ali al-Houthi, a member of Yemen's Supreme Political Council, warned of a "painful" response to the Central Bank in Aden’s decision to stop dealings with major Yemeni banks.
"Their decisions are risky, as the economy is based on mutual interests, and those who tamper with it will regret it," al-Houthi wrote on X.
بالنسبة للقرارات ضد البنوك
— محمد علي الحوثي (@Moh_Alhouthi) May 30, 2024
لدينا أوراق ستؤلمهم اكثر وممكن تحريكها
وقراراتهم مجازفة كما تعلمون
فالاقتصاد مصالح مشتركة ومن يلعب يندم هو
بإذن الله.
The Yemeni official's warning came a day after the leader of the Ansar Allah movement, Sayyed Abdul-Malik al-Houthi deemed the targeting of banks in Sanaa an economic aggression, warning that Saudi Arabia would face deep trouble if it got involved in this aggression in "Israel’s" favor.
He explained that the pressure imposed on banks in Sanaa is part of American steps to support the Israeli occupation entity, adding that the US is trying to implicate the Saudis in this aggressive act.
Meanwhile, the head of the Sanaa negotiating delegation, Mohammad Abdul Salam, also warned on Thursday of a dangerous move orchestrated by the United States to ignite a war against Yemeni banks operating in Sanaa.
Abdul Salam stated that this step aims to "entangle other countries, including Saudi Arabia, in a war to starve the Yemeni people."
He added that the United States seeks to drag Saudi Arabia into this war in service of "Israel" and as a punishment for the Yemeni people who continue to conduct operations in defense of the Palestinian people, Resistance, and cause.
The Yemeni official emphasized that "this step will have serious consequences for the entire region" and called on Saudi Arabia to "avoid falling into this American trap and to prioritize the interests of the Yemeni people above all else."
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