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Yemen requests int'l financial institutions to stop dealing with rebel-held bank

Xinhua, August 7, 2016 Adjust font size:

The Yemeni government requested Saturday the international financial institutions to stop dealings with rebel-held central bank and to prevent accessing to the state funds in overseas banks, the government-run sabenew.net news agency reported.

"As duty of the Yemeni government to save the funds and belongings of the Yemeni people, and in order to preserve the remaining public funds, and in line of orders by President Abd-Rabbu Mansour Hadi, the Yemeni government decided to take this step, which includes stopping dealing with Central Bank Governor Mohammed Awad bin Humam," the agency quoted an official source at the prime minister office.

The capital Sanaa and the central bank have been under control of two dominant Shiite Houthi armed group and forces loyal to former President Ali Abdullah Saleh since they stormed Sanaa and forced Hadi with his government into exile in 2014.

Since then, the rival parties were sharing central bank under a UN-backed economic agreement.

The new move came hours after Houthi and Saleh installed a unilateral ruling governing council and appointed a president and vice-president after UN-sponsored peace talks in Kuwait collapsed.

UN envoy to Yemen, Ismail Ould Cheikh Ahmed, said Saturday that the talks would be suspended for a month before to be resumed in another country.

Talks after talks have all failed to bring peace to over 25 million Yemenis and end more than a year of devastating civil war. Endit