Hadi gov’t plans to print over 400 billion riyals

ADEN, March 20 (YPA) – The Saudi-backed Hadi government is planning to print more than 400 billion riyals in banknotes will be printed in Russia, sources familiar with the matter told Yemen Press Agency.

The sources affirmed that Prime Minister of the “Hadi government”, Maeen Abdul-Malik, directed the printing of more than 400 billion Yemeni riyals, alleging that his government could not cover or pay the salaries of employees of the southern provinces.

Hadi government” had printed more than 2 trillion between the year of 2017 and 2020, which caused the collapse of the Yemeni economy and the deterioration of local currency against foreign currencies.

In 2021, the United Nations team of experts accused the “Hadi government of laundering money and stealing public funds.

AA