Saudi Recognition of Transferring the Yemeni Deposit to Al-Ahly Bank
A Saudi expert revealed, on Wednesday, the transfer of a deposit of three billion dollars to an account in the National Bank of Saudi Arabia; this end hopes for the possibility of achieving stability in exchange rates in the areas under the control of the Presidential Council.
The Saudi expert, Abdul Rahman Al-Samahi, said in a post on his page on social media that money Transfer Company delivered the deposit to the National Bank of Saudi Arabia with a “wrong” in the beneficiary’s address, but he pointed out that this does not prevent his country from keeping the deposit.
Al-Sumaihi hinted that the National Bank’s retention of the deposit came in response to Maeen government maintaining accounts in the same bank.
Al-Sumaihi’s statements confirm previous reports that the Saudi ambassador to Yemen, Muhammad Al Jaber, informed Maeen government that the deposit was spent to cover previous debts to Yemen.
This move would push the local currency in the coalition-controlled areas of southern and eastern Yemen to further collapse and deepen the humanitarian crisis there.