The Yemeni Defense Ministry, recognized by the international community, announced its support for recent measures taken by the Central Bank of Yemen in Aden on Wednesday, June 5, 2024, calling them "courageous."

The announcement came during a meeting of ministry leaders in Aden, the temporary capital of Yemen, and via video conference from Marib province, according to the official Saba news agency.

The ministry expressed its willingness to provide all necessary support to the Central Bank, "based on the support and blessing of the Presidential Leadership Council for these measures taken to move forward in protecting the banking sector from the abuses and violations of the Houthi group, internationally listed as a terrorist organization, and to end the monetary distortions and tampering with the national currency."

The Defense Minister stated that the armed forces, in all their military formations, comply with the directives of the Ministry of Defense leadership and the Supreme Commander of the Armed Forces, noting that they work in full coordination and harmony through the Joint Operations Command.

"Al-Da'eri" emphasized the need to raise combat readiness and strengthen cooperation and integration between the various formations to achieve the supreme goal of restoring the state and defeating the Iranian-backed Houthi terrorist militia.

On May 30, the Central Bank of Yemen called on all individuals, commercial establishments, companies, other entities, financial and banking institutions holding pre-2016 banknotes of all denominations to deposit them within a maximum of 60 days from the date of the announcement.

On the same day, the Central Bank of Yemen announced the suspension of dealings with six Yemeni banks and financial institutions after the 60-day deadline for implementing its decision to relocate their main branches to Aden. These banks include Al-Tadhamun Bank, Yemen Kuwait Bank, Yemen Bahrain Al-Shamil Bank, Al-Amal Bank for Microfinance, Al-Kremi Bank for Islamic Microfinance, and Yemen International Bank.

Later, on May 31, the Governor of the Central Bank of Yemen in Aden, Ahmed Ahmed Ghalib, affirmed that the Central Bank, since its relocation to Aden, has acted responsibly, recognizing the importance of the banking sector in accordance with the provisions of the Central Bank Law, Commercial and Islamic Bank Laws, and laws governing all economic activity.

The Central Bank Governor, in a press conference held at the bank's headquarters in Aden, considered the bank's decision No. 20 of 2024 regarding the suspension of dealings with certain banks as a sovereign decision with a monetary and banking character, unrelated to any local, regional, or international events or entities.

He stated that the bank operates according to the law, not directives or trends, and that the bank is committed to implementing the decision in all its stages according to the planned schedule.

Regarding the reasons behind the bank's recent decision, Governor Ghalib indicated that the bank had endured numerous transgressions, provocations, and violations from the other party, referring to the Houthi group, internationally listed as a terrorist organization.

He stated that the Houthis had crossed "all red lines that cannot be ignored, which threaten the national economy and the entire banking system, and also threaten our dealings with the world."

In early April, the Central Bank of 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 60 days.

The Central Bank of Yemen, recognized by the international community, threatened in the decision's justifications to take all legal measures against banks that fail to implement the decision, "according to the provisions of the Anti-Money Laundering and Combating the Financing of Terrorism Law and its executive regulations."