The central bank warns of the repercussions of the Houthi attacks on the national economy and demands urgent government support
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The Board of Directors of the Central Bank of Yemen stood at its exceptional meeting this morning, Wednesday, February 12, 2025 Stopping oil and gas exports, which constitute the most important public treasury resources, in addition to other sabotage practices launched by their intelligence devices, and in various aspects, especially its war against the stability of the national currency and promoting the false rumors and reports that serve its purposes that have escalated recently since it was classified as an international terrorist group and in light of the unfortunate deficit From the relevant institutions.
The Central Bank has repeatedly warned since the escalation of Houthi attacks on the state’s guidance sectors, foremost of which is the oil sector in October 2022, of serious fate and the warning consequences of criminal militia attacks and proposed many treatments necessary to reduce the effects and avoid bottlenecks in salaries and services, which unfortunately did not receive the appropriate response Among the relevant government agencies, but the benefit of important sovereign resources was disabled that contributed to providing the minimum services, as well as what is available in the way that keeps pace with challenges and addresses obligations according to their importance and priorities
The Central Bank confirms that it will carry out its duties in restoring the stability and protection of the national currency and protecting the banking and banking sector and facilitating its tasks and strengthening the partnership and cooperation with sister and friendly countries and international financial and banking institutions to deal with the effects and consequences of the classification of Houthi terrorist militias and their repercussions on the financial and economic sectors And on the interests and transactions of citizens throughout the Republic of Yemen, the Command Council and the government appeal to provide the necessary support to the bank, so that it can carry out its duties with all professionalism and independence, and calls at the same time, to stop any illegal practices that affect the collection of resources, which the bank warned in its multiple speeches to the government and the return Caring for all revenues to the public government account in the central bank without allocating to re -plan the spending and use the available resources for inevitable financing from the obligations and according to priorities.
The Central Bank’s Board of Directors also appealed to the Presidential Command Council and the Government to take possible measures to restart the sovereign policy facilities to serve the public good and improve the livelihood of citizens and provides the minimum services that have become the worst of their cases.
It calls for the activation of all devices and institutions and the treatment of seams that exacerbate in light of the almost complete absence of officials.
12/2/2025