News - Yemen: Yemeni Prime Minister Abdulaziz bin Habtoor affirmed the government's support for the decisions of the Central Bank of Yemen issued from the capital, Sana'a.

In a statement on Wednesday, bin Habtoor mentioned that the Council of Ministers emphasized several measures to be implemented, starting with affirming the Central Bank's decisions.

He explained that the steps taken by the Central Bank are normal procedural actions to address imbalances in the banking market and to strengthen the national currency.

He pointed out that his government will intensify measures to prevent the "agents in Aden" from interfering with decisions that affect all Yemenis.

Aden Bank's shocking move to ban the use of currency printed before 2016 has sparked public outrage and threatens to collapse the currency's purchasing power. Additionally, the bank has stopped transactions with several Yemeni banks, attempting to control the banking sector by forcing banks to relocate to Aden and deal exclusively with it.

Commercial banks have firmly rejected these provocative measures, insisting on their commitment to operate throughout Yemen and refusing to bow to Aden Bank's pressure. The Yemeni Banks Association condemned Aden Bank's provocative and escalatory actions, warning that these decisions could have severe repercussions beyond the banking sector, affecting all economic activities and the living conditions of citizens.

Aden Bank's failure to convince banks in Marib and other occupied provinces to align with it highlights its lack of legitimacy and trust among Yemeni financial institutions. The bank's use of a US decision to pressure major Yemeni commercial banks has further angered the Yemeni Banks Association.

In response, the Central Bank in Sana'a has pledged to compensate citizens in occupied provinces for the old national currency, maintaining its status as legal tender. These decisions have proven ineffective, with citizens refusing to use the new currency.

Aden Bank faces a severe liquidity crisis, resorting to foreign currency speculation, exacerbating the Yemeni people's suffering. The Saudi-baked government and Aden Bank's rejection of Sana'a's initiative to resume oil exports hinders peace efforts in Yemen.

The Central Bank in Sana'a holds the Saudi regime responsible for the economic escalation and stresses the need to unify Yemen's financial system. These decisions aggravate Yemen's financial division, severely damaging the national economy and increasing the hardships faced by the Yemeni people.

Pressure on the US-Saudi coalition to end the economic war on Yemen and support the Central Bank in Sana'a's efforts to maintain financial stability and unify Yemen's financial system is crucial to saving the country from this nightmare.