Yemen Monitor / Newsroom:
The Yemen Banks Association stated that all banks operating in the Republic of Yemen are subject to the supervision and oversight of the Central Bank of Yemen (CBY) in Aden.
In a statement released today, the Association warned of the dangers of publishing or circulating inaccurate information or misleading claims regarding the status of banks or depositors’ funds. It emphasized that such practices are legally criminalized acts due to the resulting damage to public trust and economic stability.
The Association reaffirmed its legal right to take all necessary judicial measures against anyone who defames the banking sector or undermines confidence in it, calling for accuracy and adherence to officially approved channels.
