Statement from the Central Bank of Yemen – Aden
2025-07-15
The criminal and terrorist Houthi militias persist in destroying the core foundations of Yemen’s financial and economic system by printing counterfeit banknotes signed by a person impersonating an unlawful role listed among terrorism watchlists and introducing them into circulation via the branch of the Central Bank they’ve seized in the occupied capital, Sana’a. This is a blatant attempt to continue looting peoples’ capital and savings, as well as to fund their fictitious networks, which are now exposed and operating without any monetary or legal backing amounting to trillions of Yemeni riyals and billions of foreign currency dollars.
These militias have descended into a frenzy, resorting to increasingly erratic, unlawful, and illegitimate actions to conceal their financial exposure, driven by fear of a looming collapse of these networks and a desperate, futile effort to prevent a popular uprising from a population whose savings have been looted and resources decimated.
The Central Bank of Yemen reiterates its warning to all citizens, financial and economic institutions, banks, and exchange companies not to engage with these counterfeit banknotes of any denomination, issued by an illegal terrorist entity, nor to accept them in any kind of financial settlement. This is to safeguard their funds and remaining savings, and to avoid legal repercussions for dealing with an entity listed under global terrorism lists.
The CBY stresses that anyone found in possession of, dealing in, or carrying any category of counterfeit currency will face the most severe penalties stipulated under all relevant laws.
The Central Bank of Yemen has exerted great efforts, alongside brotherly and friendly countries, to maintain open channels with the financial and banking system in areas under the control of these terrorist militias, using agreed-upon safeguards to facilitate transactions for citizens and preserve their connectivity to the global financial system. However, the militias’ continued sabotage of the remaining pillars of the economic and monetary structure now threatens those efforts and exposes financial operations in Houthi occupied areas to international sanctions.
Therefore, the Central Bank of Yemen holds these criminal militias fully accountable for the legally prohibited actions and all ensuing financial and legal consequences both domestic and international including serious harm to public and private rights and the resulting suffering inflicted on citizens living under their control, as well as the impact on their interactions with regional and global financial systems.
Issued by the Central Bank of Yemen – Aden
Republic of Yemen
2707 |
