Central Bank Governor Issues Decision to Relocate Deposit Insurance Corporation to Aden

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Central Bank Governor Issues Decision to Relocate Deposit Insurance Corporation to Aden

[20/07/2025 04:43]

Aden-Saba
The Central Bank Governor has issued a decision to relocate the headquarters of the Deposit Insurance Corporation from Sana'a to the interim capital, Aden. The decision aims to enhance oversight and supervision of the Yemeni banking sector.

The move is part of the Central Bank's efforts to restore banking activity and secure financial transactions, particularly in light of the current challenges facing the country.

The decision will come into effect immediately, and all relevant authorities are required to implement it accordingly. This step is expected to contribute to stabilizing the banking sector and improving the overall financial system in Yemen.