PM says Houthi rebels collected YR 846 bln revenues last year

Aden Governor Commends ICRC Humanitarian Efforts

Minister of State and Aden Governor Abdulrahman Sheikh has commended the humanitarian and relief efforts undertaken by the International Committee of the Red Cross (ICRC) in recent years.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/11 Time 01:54:24
Latest News:

President al-Alimi underlines priority of working to close agents' file in any agreement with Iranian ..

Deputy Foreign Minister, Libyan Ambassador Discuss Bilateral Cooperation

Al-Khanbashi Discusses with Dutch Embassy Delegation and FAO Projects of Agriculture and Water Sectors ..

Prime Minister: Establishing Security, Improving Basic Services Are Gov't's Top Priority

Al-Khanbashi: We're Very keen to Increase Customs Revenues, Develop Coast Guard Capacities, Support ..

PM says Houthi rebels collected YR 846 bln revenues last year

[22/09/2018 02:33]

CAIRO-SABA
Prime Minister Ahmed bin-Daghr said the Houthi rebels collected revenues worth 846 billion Yemeni Riyals last year and pumped it into the market to buy US dollars.

In a seminar held by the national Economic Committee under the slogan "Together We (should) Stabilize the Riyal" in the Egyptian capital on Saturday, bin-Daghr cited a number of Houthi financial abuses that led to the depreciation of the Riyal against the US dollar.

He said the Sana'a-based rebels "collected the revenues from taxes, customs, and other levies that Houthis made religiously (compulsory) such as the Khomos (fifth of individuals' income )."

"Not taking these funds directly to the central bank and commercial banks …is another cause of the collapse of the national currency," he said referring to Houthi practices.

"The leaders of the coupist militia injected nearly 200 billion Riyals all at once to the local market to get it replaced with newly printed banknotes and with foreign currencies," he added.

Going chronically backwards in the militia's abuses, he said: " After looting the country's reservoir of hard currency, and two trillion Yemeni Riyals and hoarded them all in their stores (starting from 2014), the militia's leaders injected the Riyals again into the market giving the national currency a deep stab."