Middle-east Arab News Opinion | Asharq Al-awsat

Yemen’s Central Bank is Technically Ready to Function in Aden | ASHARQ AL-AWSAT English Archive 2005 -2017
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The Vice President of the World Bank for the Middle East and North Africa Hafez Ghanem

Aden-The Yemeni government has taken all measures to guarantee the technical functioning of the Central Bank after moving it to Aden away from the control of the Houthi militias and former President Ali Abdullah Saleh, government sources said.

The sources hinted in remarks to Asharq al-Awsat newspaper that the Houthis would not be able to cut communication lines and stop the bank’s server, which is located in the capital Sana’a, from functioning.

The provisional capital of the country has full control over the internet in the liberated provinces and is able to manage the server of governorates which are run by Houthis, said the sources.

They stressed that the central bank began on Thursday to give salaries to civil servants.

Hafez Ghanem, the Vice President of the World Bank for the Middle East and North Africa, welcomed all measures aimed at reaching economic stability in Yemen.

Yemen’s official state news agency SABA quoted him as saying that the World Bank is a real partner with Yemen through several programs that aim at creating job opportunities and consolidating development.

His remarks came during a meeting with President Abd Rabbuh Mansur Hadi in New York.

Arab central bank governors have also said they supported the move by Yemen’s government to relocate the Central Bank to Aden.

At a meeting in Morocco on Thursday Arab central banks said they backed the decision to relocate the Central Bank and would provide it with “necessary support,” according to a statement on Saudi state news agency SPA.