Hadi gov’t withdraws last reserves of Yemen SDR

ADEN, Aug. 25 (YPA) – The Saudi-backed exiled Hadi government has withdrawn the last reserve in new allocation of Special Drawing Rights (SDR) for Yemen from the International Monetary Fund (IMF), according to media sources.

Majed Al-daare, the editor-in-chief of Moragboon Press website loyal to the coalition, confirmed that the government of Hadi withdrew the last $665 million from Yemen’s external reserve in the IMF.

He considered that withdrawing the Yemeni reserve from the IMF is a national betrayal in an attempt to destroy what remains of the collapsed national economy.

On Monday, the Central Bank in Aden received about $665 million worth of reserves from (IMF), to achieve what it called stability in the exchange rates of the local currency against foreign currencies.

AA