Source: The Yemeni Government has recently succeeded in restoring $ 700 million from the cash reserve

English version

bin Daghr
bin Daghr

A government source said on Tuesday that the government is working on the preparation of "decisive and effective" procedures to stop the deterioration of the national currency against other currencies, after having fallen to record levels in decades

Anadolu Agency quoted the source as saying , "the most prominent of these measures will make sufficient additional amounts of hard currency available to the central bank in Aden, to provide liquidity


The source pointed out that "the government has recently succeeded in restoring $ 700 million from the Central Bank's cash reserve which was deposited in international banks outside the country


" This amount is all that remains of the $ 5 billion which looted by Houthi group , and its ally, former Yemeni President Ali Abdullah Saleh during the past two years," he added

In the same context , the sources confirmed that the government is working on putting final and rapid solutions related to providing sufficient mounts of oil to the citizens soon to end this crisis and power outages in Aden and its neighboring provinces