The Central Bank of Yemen has called upon individuals, commercial establishments, companies, other entities, as well as financial and banking institutions holding old edition banknotes predating 2016, of various denominations, to promptly deposit them within a maximum period of sixty days from the date of this announcement.

Regarding the implementation mechanism, the Central Bank stated in a statement published on its official website and seen by "Barran Press" that "citizens, non-financial institutions, commercial establishments, and other entities without accounts at the Central Bank should deposit their specified amounts of banknotes in commercial and Islamic banks and their branches spread across the liberated provinces."

The banks, financial institutions, and banking entities holding accounts at the Central Bank were urged to "deposit their specified amounts of banknotes referred to earlier in the Central Bank's main headquarters in Aden and its branches scattered throughout the liberated provinces."

The Central Bank appealed to "all financial institutions, banking institutions, and citizens holding amounts of those banknotes to promptly respond to this announcement, to protect their funds and serve the public interest."

The Bank emphasized that it "shall not bear any responsibility arising from the failure to deal seriously with the contents of this announcement and the failure to expedite the implementation of its provisions within the specified period."

Earlier today, Thursday, the Central Bank of Yemen announced the suspension of dealings with six Yemeni banks and financial institutions, after the expiration of the sixty-day deadline for implementing its decision to transfer their main headquarters to Aden. The banks include the Cooperative Bank, Yemen Kuwait Bank, Yemen Bank, Bahrain Shamal Bank, Al-Amal Microfinance Bank, and Al-Kuraimi Microfinance Bank (Islamic), and Yemen International Bank.

In early April, the recognized Yemeni Central Bank, located in the declared temporary capital city of Aden (in southern Yemen), issued a decision obligating commercial banks, Islamic banks, and microfinance banks to relocate their main headquarters from Sana'a to Aden within a maximum period of sixty days.

The Yemeni Central Bank, recognized in the reasoning of the decision, threatened to take all legal measures against banks that fail to implement the decision "under the provisions of the effective Anti-Money Laundering and Counterterrorism Financing Law and its executive regulations."