News - Yemen: Banking source in Sana'a confirmed on Wednesday that the banking measures outlined in Tuesday's agreement have begun implementation. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has notified Yemeni banks to reactivate their services. The Central Bank of Yemen in Sana'a has also canceled some measures as a goodwill gesture.

These steps are part of the agreement's measures, emphasizing the need for full implementation to remove obstacles facing Yemeni banks, enabling them to provide financial services and alleviate Yemeni people's suffering.

On Tuesday, Mohammed Abdulsalam, head of the National Delegation, announced an agreement between Yemen and Saudi Arabia to tackle humanitarian and economic issues. 

The agreement cancels recent banking measures, resumes Yemeni Airlines flights to Jordan, and plans for daily flights to Cairo and India. It also initiates meetings to discuss economic and humanitarian concerns and address challenges facing Yemeni Airlines.

This development follows a period of escalatory actions by Saudi Arabia, which included targeting Yemen’s economy and obstructing humanitarian agreements, reportedly influenced by the United States. This escalation aims to deter Yemen from supporting Palestinians facing genocide in the Gaza Strip.

The agreement responds to warnings from Sayyed Abdulmalik al-Houthi, Leader of the Revolution, against worsening the economic conditions of Yemeni citizens, who have suffered for ten years due to US-Saudi aggression. Sayyed Abdulmalik has established an equation of “airport for airport, port for port, and bank for bank.”