ADEN, Yemen, March 15 (Xinhua) -- Several Yemeni banks headquartered in the capital city of Sanaa have decided to relocate their operations to the temporary capital, Aden, to avoid sanctions imposed by Washington on the Houthi group, the Central Bank of Yemen said Saturday.

In a statement, the central bank welcomed the commercial banks' relocation decision, noting that it is ready to provide all possible support and protection to ensure the continuity of their services to Yemeni citizens at home and abroad.

The central bank expressed its readiness to work with all international and regional financial and relief institutions to safeguard the country's banking system and enable their smooth operation.

Acknowledging the complexities of the situation, the central bank said it is dealing with it cautiously and responsibly to avoid any repercussions that could harm the interests of citizens and the national economy, particularly the banking sector.

In May last year, the central bank suspended dealings with six major commercial banks in the country due to their failure to relocate from the Houthi-controlled capital Sanaa to Aden and their cooperation with the militant group. However, the decision was canceled later following external mediation.

On March 4, the U.S. State Department designated the Houthis as a "Foreign Terrorist Organization," under an order announced by President Donald Trump upon taking office in January. Enditem

Related

Go to Forum >>0 Comment(s)