[13/07/2025 07:33]

ADEN - SABA
The Central Bank of Yemen, based in the temporary capital Aden, has rejected the announcement by the Houthi militia, made through its seized branch of the Central Bank in the occupied capital Sana'a, regarding the issuance of a forged 50 riyal coin and its circulation in areas under its control.

In a statement obtained by the Yemeni News Agency (Saba), the bank described this destructive act by an illegal entity as a continuation of the economic warfare waged by the terrorist militias against the Yemeni people.

It constitutes an intensification of their looting of citizens' resources and savings to finance their suspicious networks with enormous sums, without any legal or monetary backing.

The Central Bank reiterated its warning to all citizens, bank branches, exchange companies, and the business sector in areas under militia control, which are engaging in exempted and permitted activities under international sanctions against the militias, against dealing with the forged currency—whether new or old—that the bank has previously warned against using or accepting in any financial transactions or settlements, in order to avoid falling under sanctions.

This is due to their dealings with forged currency issued by an illegitimate entity and their interactions with a group classified on global terrorism lists.

The bank emphasized that this dangerous escalation by the Houthi militia undermines the announcement made on July 23, 2024, by the international envoy, which was sponsored regionally and internationally.

It stated, "While the Yemeni government and the Central Bank have fulfilled all commitments outlined in the announcement, exercising the utmost restraint despite all provocations and violations by the militias across various fields, the Houthi militia has not adhered to any clause of the announcement from day one. This includes failing to cancel the measures taken prior to the announcement (the first clause) or commit to reducing the economic escalation as stipulated in the second clause, continuing instead to commit arbitrary practices against banks, exchange companies, airlines, and all economic institutions, culminating in this destructive action against the national economy."

The Central Bank of Yemen called on regional and international partners who sponsored the July 23, 2024 announcement to assume their responsibilities and condemn this illegal and irresponsible escalation by the militias, and to fulfill their accompanying commitments and obligations that paved the way for the announcement.

The bank affirmed that the Houthi militia bears full responsibility for all consequences and actions resulting from this serious escalation and its illegal and irresponsible practices.

The bank will exercise its constitutional duties and legal rights to protect the national currency, citizens' savings, and the security and stability of the national economy through all available legal means.

The Central Bank urged businessmen, banks, and exchange companies in areas under militia control to take necessary steps to protect their entities, capital, and investments, and to safeguard what remains of their funds, after the militia has looted the financial networks under its control and squandered them internally and externally, in a manner that serves both public and private economic interests and helps them avoid falling under international sanctions.

---