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Yemeni Government to Asharq al-Awsat: End of Liquidity Crisis | ASHARQ AL-AWSAT English Archive 2005 -2017
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Yemen’s Prime Minister Ahmed Obeid bin Daghr. Reuters.jpg

London – The three months of Yemeni government work have paid off, ending the liquidity crisis.

Yemeni Prime Minister Ahmed Obeid bin Daghr stressed that his government has overcome all obstacles concerning the printing of the national currency, ending the crisis of lack of liquidity fabricated by Al-Houthi and Saleh.

Yemeni government informed Asharq al-Awsat that “obligations will be fulfilled and salaries will be paid for military and civil workers in all provinces including those controlled by rebels.”

The government accuses rebels of wasting USD5 billion on the war when they were in control of the previous central bank in Sana’a. This fact pushed Yemen’s President Abd-Rabbu Mansour Hadi to transfer the central bank and its’ operations to Aden in September 2016 and to form a new board of directors.

In the same context, Yemen’s Foreign Minister Abdulmalik Al-Mekhlafi hailed in a tweet the cooperation of all financial institutions with the Yemeni government. Mekhlafi stressed that the government will exert all necessary efforts to fulfill obligations, pay salaries and revive economy.

Yemeni Prime Minister demanded Al-Houthi and Saleh lifting their hands on the national resources and facilitate the work of the central bank in the temporary capital of Aden, to be able to play its role in a comprehensive manner across the country, beginning with pay salaries, and ending with providing funds for institutions services such as health, education, water and electricity.

In a previous statement to Asharq al-Awsat, Yemeni Central Bank Governor Munser al-Quaiti said that reactivating the bank in Aden is not going to be an easy mission.