Over 30 billion dollars worth of Yemeni funds smuggled put of the country since beginning of the war

Over 30 billion dollars worth of Yemeni funds smuggled put of the country since beginning of the war

Banking expert Ali Al-Twaiti has said on Thursday that the volume of Yemeni money smuggled out if the country since the beginning of the war has amounted to more than $30 billion.

Al-Twaiti said, in a post on his Facebook page: “The money smuggled out of Yemen for fear of war, amounting to more than $ 30 billion, was smuggled to several countries.”

He explained that the Arab Republic of Egypt has the largest share, with about 100,000 apartments having been bought by Yemeni expatriates, with the rest being spread across Turkey, Jordan, Djibouti, Malaysia, and other countries.

“We did not stop there; rather, the expatriates send their money to their relatives in those countries,” he added.

He called for ending the war on Yemen so that the people can return home, and thus the wealth would return and the economy and per capita income would improve

Join the discussion