President Al-Zubaidi Emphasizes Stricter Controls Over Public Revenue Collection and Transferring Resources to the Central Bank
President Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council (STC) and Vice...
President Al-Zubaidi Reviews Central Bank Measures to Regulate Financial and Banking Sectors
President Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council (STC) and Vice Chairman of the Presidential Leadership Council (PLC), met on Saturday with Dr. Ahmed Ghaleb Al-Ma'baqi, the governor of the Central Bank (CB).
During the meeting, President Al-Zubaidi was briefed on the Central Bank’s progress in implementing measures to regulate the financial and banking sectors. This includes halting the rapid collapse of the local currency, maintaining market stability, providing the required liquidity to finance the import bill, disbursing government salaries, and securing fuel for power stations.
In the same context, the president received a detailed briefing on ongoing efforts to relocate major commercial and Islamic bank headquarters to the capital, Aden, and oversight mechanisms ensuring banks’ compliance with international anti-money laundering and counter-terrorism financing standards, aimed at facilitating banking services and enhancing trade flows under globally recognized standards.
The meeting discussed the legal actions taken by the Central Bank against the serious repercussions of the Houthi terrorist militia's printing of illegal currencies, which poses a grave threat to the country's economic and humanitarian stability.
President Al-Zubaidi affirmed full support for the Central Bank’s leadership, stressing the necessity of continued coordination among all relevant bodies to preserve economic equilibrium and alleviate civilian suffering amid current challenges.
