Yemeni government fights to alleviate impact of UN report on banking sector

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Fri, 2021-02-05 00:32

AL-MUKALLA: The internationally recognized government of Yemen will try to mitigate the impact of the latest UN report on the central bank’s reputation and the country’s banking system in general, a senior government official told Arab News.

“After reading the report, we feel concerned about the reputation of the central bank and the report’s impact on currency rates, the citizens and the economy,” the government official said, speaking on condition of anonymity because he was not authorized to brief reporters.

UN report said report that the Aden-based Central Bank of Yemen misused millions of dollars from the Saudi deposit meant for buying food and diverted millions of dollars to a group of local traders. (AFP/File)
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