Yemen’s oil revenues at Saudi National Bank amount to 13 billion dollars: Top official

SANAA, July. 17 (YPA) – Deputy Ministry of Finance for the Planning Sector in Sanaa, Ahmed Hajar, said on Monday that Yemeni oil revenues at the Saudi National Bank amounted to 13 billion dollars.

Hajar affirmed in a statement that the Yemeni oil account in the National Bank of Saudi Arabia being subjected to the disposal of the Saudi finance and the Saudi ambassador, adding that it is not excluded that there are money laundering operations that take place under the cover of Yemeni oil revenues.

Regarding the economic collapse in the coalition-held areas, he stated that the economic collapse began before the Sanaa government had prevented the looting of oil, stressing that the deteriorating economy in the south of Yemen is a goal of the coalition, referring to threats of the American ambassador during the Kuwait negotiations.

Hajar also confirmed that the preventive economic policies of the Sanaa government prevented the economic collapse that the coalition countries pushed for since the transfer of the functions of the central bank from the capital, Sanaa, in 2016.

AA