Houthi militias are raiding what’s left of Yemen’s treasury

A Yemeni man counts stacks of Yemeni rials on a street in the capital Sanaa, on February 12, 2017. (AFP)

Houthi militias are continuously draining funds from what is left of Yemen’s treasury, sources from inside the capital Sanaa confirmed.

At least 750 bln Yemeni rials were taken by Houthi militias from the assets of the General Authority for Insurance and Pensions in the state’s central bank without the permission or authority, sources said.

The Houthis are seeking to take what is left of the $200 million in the state’s treasury for they say are their “war efforts” and transferring it to the Directorate of Maran in Saada, a stronghold of the militias.

This comes as Houthi militia loyalist Abdulsalam al-Mahtori led dozens of gunmen and stormed the main headquarters of the General Authority for Insurance and Pensions in Sanaa and imposed himself as the head of the institution by force.

Last Update: Wednesday, 20 May 2020 KSA 09:51 - GMT 06:51