Central Bank of Yemen warns against looting of foreign currency reserves by Saudi-backed mercenaries

Central Bank of Yemen warns against looting of foreign currency reserves by Saudi-backed mercenaries

The Central Bank of Yemen in Sana’a has on Thursday warned against massive depletion of foreign currencies due to the actions of the US-Saudi coalition aggression mercenaries in Ma’rib province.

“The mercenaries of the aggression coalition in Ma’rib province have extensively depleted foreign currencies by smuggling them to other provinces and abroad,” the official Yemeni news agency Saba quoted a source in the bank as saying.

The source explained that “the aggression mercenaries in Ma’rib are taking out the amounts they have hoarded from illegal currencies through looting and organised corruption,, and converting them into foreign currencies.”

The Central Bank source called on exchange companies and establishments in Ma’rib and neighbouring provinces to keep their foreign currency balances intact, and to not risk selling them to these mercenaries in return for attractive prices of illegal currency they offer.

In this regard, the source held “the aggression coalition and its mercenaries” fully responsible for the escalating and continuous collapse of the Yemeni riyal, which is likely to “cast a shadow over the living situation in the occupied provinces in general, and Ma’rib in particular.”

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