Clarification Notice

2024-08-06

The Central Bank of Yemen reaffirms its commitment to operating in alignment with the broader state policies and orientations and upholding its commitments, including those of the Yemeni government as announced by the UN envoy to Yemen on 23 July 2024. In pursuit of these objectives and in recognition of efforts by regional and international partners, the bank has revoked recent decisions against banks to pave the way for sustainable solutions that protect the banking sector, alleviate the suffering of the Yemeni people, and safeguard their assets and savings. The leadership of the Central Bank of Yemen emphasizes its adherence to the international obligations of the Republic of Yemen and its compliance with them, ensuring congruence with the constitution, existing legislation, and prevailing regulations including anti-money laundering and anti-terrorism financing measures. This step is aimed at strengthening the integrity of the financial sector and safeguarding the investments and savings of Yemeni people across the country.
Moreover, the Central Bank expresses its openness to the efforts of regional and international partners aimed at addressing all issues plaguing the banking sector, which complicate its transactions and limit its activities. This is to enable the sector to operate in accordance with national laws, ultimately alleviating the suffering of the Yemeni people.

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