Headquarter - Aden

News

PRESS STATEMENT

2025-07-13

The Central Bank of Yemen has followed the announcement made by the terrorist Houthi militias through the branch of the Central Bank they seized in the occupied capital Sana’a regarding the minting of counterfeit 50-riyal coins and releasing them into circulation in the areas under their control.

While the Central Bank of Yemen firmly rejects this reckless and destructive act perpetrated by an illegitimate entity, it affirms that this irresponsible behavior constitutes a continuation of the economic war waged by the criminal militias against the Yemeni people, intensifying the plundering of citizens' resources and savings to fund their shadowy networks with vast sums, without any legal or monetary cover.

The Central Bank reiterates its warning to all citizens, bank branches, exchange companies, and the business sector in militia-controlled areas where limited activities are permitted under international sanctions against the militias not to engage with counterfeit currency, whether newly minted or previously circulated. The Bank had previously warned against accepting or using such currency in any financial transactions or settlements, to avoid falling under international sanctions: first, for dealing in counterfeit currency issued by an unlawful entity; and second, for engaging with a group listed on as a Foreign Terrorist Organisation.

The Central Bank of Yemen also emphasizes the following:

  1. This dangerous escalatory action by the Houthi militias undermines the July 23, 2024 declaration issued by the international envoy, which was backed by regional and global sponsors.
  2. While the Yemeni government and the Central Bank have fulfilled all the commitments outlined in the declaration and exercised maximum restraint despite numerous provocations and violations from the militias across various sectors the terrorist Houthi militias have not honored any of its provisions from day one. They failed to cancel their pre-declaration actions (Clause One), and did not abide by the economic de-escalation terms stipulated in Clause Two. Instead, they continued abusive practices against banks, exchange companies, the airline sector, and all economic institutions, culminating in this devastating blow to the national economy.
  3. The Central Bank of Yemen calls on regional and international partners who sponsored the July 23, 2024 declaration to take responsibility and denounce this illegal and irresponsible escalation by the militias, and to honor their accompanying commitments. The Central Bank stresses that the terrorist Houthi militia bears full responsibility for all repercussions and measures stemming from this grave escalation and its unlawful, reckless behavior. The Central Bank will carry out its constitutional duties and lawful right to protect the national currency, citizens’ savings, and the safety of the national economy using all available legal means.
  4. The Central Bank urges businessmen, banks, and exchange companies in militia-controlled areas to act swiftly and take necessary steps to safeguard their entities, capital, investments, and preserve their remaining funds especially after militias looted financial networks under their control and squandered them both domestically and abroad. This is to protect public and private economic interests and avoid falling under international sanctions.

 

Issued by

The Central Bank of Yemen

Head Office – Aden

July 13, 2025

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