YEMEN Press Agency

Central Bank in Aden denies media reports to receive UAE deposit

ADEN, Nov. 24 (YPA) – A branch of Yemen’s Central Bank in Aden issued on Thursday a statement denying media reports about the support provided to the bank by the UAE or Saudi Arabia.

The statement affirmed that the bank’s governor, Ahmed Ghaleb Al-Maabqi, loyal to the Saudi-led coalition, has not issued any remarks regarding the arrival of an Emirati deposit to the Central Bank of Aden.

This came one day after the statements made by the head of the coalition-backed government, Maeen Abdul-Malik, about the arrival of an Emirati deposit with worth “one billion and one hundred million dirhams”, as a first payment of the deposit that the UAE promised to provide to the Riyadh-formed Presidential Council, led by Rashad al-Alimi.

“The bank noted any statement by the governor or any of the leadership of the Central Bank would be announced through the official website of the bank and the official government media,” according to the statement.

The Media Center of the Central Bank of Aden called on the media outlets to “investigate accuracy and credibility in conveying information from its official sources in order to serve the truth and to avoid any confusion for the public interest.

The bank’s statement came to reveal once again the state of confusion experienced by the coalition authorities in Yemen.

Economic experts were astonished by the content of the bank’s denial to the governor’s statements, even though the remarks came from the head of the coalition-backed “government.

The experts considered that the purpose of the Bank of Aden’s statement was to deny the arrival of any UAE deposit to the bank and to relieve Maeen Abdul-Malik, who did not know anything about his government institutions.

Rasheed Al-Haddad, a Yemeni economic expert, “Talking about a decrease in the exchange rate of the currency printed in the city of Aden is not an improvement in the currency exchange rate, but rather a new fraud to entrap many citizens into the trap of manipulating exchange rates and selling their money at prices below its value.”