Aden Central Bank takes unusual measures to stop employee fleeing

ADEN, Oct. 22 (YPA) -The leadership of the Central Bank in Aden has issued an unusual circular, the first of its kind, to address a new phenomenon that has become an additional scandal in the bank’s long history of issues.

In recent hours, activists have circulated on social media a circular from the Aden Bank’s leadership, issued in early September, which bars bank employees at branches or the main office from being nominated to participate in external training courses.

This decision follows the escape of seven bank employees who sought asylum while attending training courses in the US and Western Europe. The most recent was Bakil Abdu Sultan, the Director General of Banking Supervision, who applied for asylum in the US last month.

Many observers see the flight of Central Bank employees and their asylum requests as a dangerous indicator of hopelessness regarding improvements in the currency situation and the ongoing economic collapse in areas of Yemen under coalition control.

Recently, the price of one dollar has exceeded 2000 riyals in Aden, while food prices have skyrocketed, worsening the struggle for families to meet their basic needs.

@E.Y.M