Yemen Monitor / Newsroom:
The Central Bank of Yemen (CBY) stated today that it has taken a series of precautionary measures during the recent developments in the country to protect the sector’s assets and properties. These measures aim to maintain economic stability and ensure the continuity of banking services for citizens through both local and global networks.
During a meeting chaired by Ahmed Ahmed Ghalib, with board members attending both in person at the CBY headquarters in Aden and via video conference, the Board of Directors reviewed the results of a study and analysis of bids submitted by international auditing firms to audit the Central Bank’s financial statements for the 2025 fiscal year.
The Bank praised the efforts exerted to protect the banking sector from the negative repercussions of recent events. The Board also reviewed the technical and financial analysis of proposals from international firms vying for the 2025 audit contract.
The Board approved awarding the contract to the firm that submitted the best technical and financial proposal—a company that holds a high international ranking and possesses distinguished experience in auditing the balance sheets of regional and international central banks. The Board directed the completion of the ratification procedures in accordance with legal requirements and provisions.
Furthermore, the Board reviewed a matrix of its achievements over the past year and the proposed action plan for the current year, 2026. The Board decided to refer the achievement report and the 2026 plan back to the Planning Committee for review in light of the reform programs’ objectives, with the results to be presented at the next meeting.
