Financial War: Yemen restricts central bank officials
Yemen’s government has asked international financial institutions to prevent central bank officials from accessing state funds held in overseas banks, the state-run sabanew.net news agency reported on Saturday. Yemen’s central bank is based in the capital Sanaa, which is controlled by Iran-allied Houthis, while the internationally recognised government of Prime Minister Ahmed bin Daghr is based in the southern port city of Aden. There is no end in sight to a 16-month conflict between the Houthis and government forces, which are backed by a Saudi-led coalition. Bin Daghr has received “confirmed information” that the central bank administration is tapping Yemeni foreign reserves held at banks in Europe and the United States after exhausting funds in Sanaa and elsewhere for the war effort, an official at the prime minister’s office told the agency.
Published in The Express Tribune, August 7th, 2016.
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