Commercial Sector Warns of Results of Central Bank’s Decision in Aden

The Chamber of Commerce and Industry in the capital Sana’a on Wednesday warned of the repercussions of the Central Bank of Aden’s decision to stop opening credits from commercial banks in Sana’a.

In a statement, the Chamber considered this step an additional obstruction to the trade and import activity of food and consumer items necessary for the livelihood of the Yemeni people.

The statement indicated that this decision could cause a humanitarian catastrophe with ominous consequences, since commercial and Islamic banks are “the last hairs linking the Yemeni private sector to the outside world.”

The Chamber of Commerce called on all monetary and financial authorities in the country not to take measures that would aggravate the conditions and livelihood of the people.

It called on the United Nations and international humanitarian organizations to intervene and prevent a humanitarian catastrophe due to the cessation of import activities for food and consumer goods and to put pressure to spare the economic and financial file from the conflict and to neutralize the central bank and all economic activities.

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