PM says Houthi rebels collected YR 846 bln revenues last year

Minister of Interior meets with UN Envoy's Office team

The Minister of Interior in the takeover government Maj. General Ibrahim Haidan met today, Wednesday, with a delegation from the Office of the UN Special Envoy for Yemen headed by the Senior Military Adviser to the UN Envoy Anthony Hayward.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

S. Korea's exports rise 33.9 percent in January

South Korea's exports jumped 33.9 percent year-on-year to reach $65.85 billion in January, driven by strong demand for semiconductors.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/02/04 Time 05:32:50
Latest News:

Prime Minister meets with Libyan Ambassador

Al-Subaihi confers with Russian Ambassador over bilateral relations

Governor of Aden discusses with civil society organizations enhancing security, supporting development ..

Yemenia launches Jeddah-Socotra line to enhance air connectivity، stimulate tourism

Presidential Leadership Council member Salem al-Khanbashi meets with UN Special Envoy's Office officials

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."