Yemen central bank sanctions firms in Houthi-controlled areas

Exchange firms in northern territories ordered to close accounts

Sana’a, Yemen

Yemen’s Aden-based central bank has frozen the assets and accounts of 12 oil and trade firms linked with the Iran-aligned Houthi government. 

Yemen has two central banks, one in the Houthi-controlled north, the other in Aden where the internationally recognised government is based. Ahmed Ahmed Ghaleb is the head of the central bank in the south, where the government is backed by a Saudi-led military coalition.

“You must freeze all accounts, prohibit commercial and financial activities with the

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