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Yemen's Hadi appoints new central bank manager, relocates its HQ to Aden

Xinhua, September 19, 2016 Adjust font size:

Yemen's internationally recognized President Abd-Rabbuh Mansur Hadi issued Sunday a decree to sack the board of the central bank and relocated it to the country's temporary capital Aden, the government-run Saba News agency reported.

According to Saba, Hadi appointed former finance minister Monasser Al Quaiti as the new central bank governor, moving the entire bank from the Houthi-controlled Sanaa to Aden province.

The Saudi-backed Yemeni President Hadi also issued slew of decrees appointing new ministers and government officials.

Sources close to the Shiite Houthi group in Sanaa said that they won't accept moving central bank to Aden and a new government will be formed in Sanaa soon.

The situation in Yemen has deteriorated economically and politically since March 2015, when war broke out between the Shiite Houthi group, supported by former President Ali Abdullash Saleh, and the government backed by a Saudi-led Arab coalition.

Houthis and Saleh's forces hold most of Yemen's northern regions while government forces backed by Saudi-led military coalition share control of the rest of the country including seven southern provinces.

The civil war, ground battles and airstrikes have already killed more than 6,400 people, half of them civilians, injured more than 35,000 others and displaced over two millions, according to humanitarian agencies. Endit