Yemen and China signed a protocol on inspection and health requirements for Yemeni seafood exports to China, strengthening economic cooperation between the two nations.
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
The Council of Ministers denounces the seizure of the CBY containers in Aden
[14/06/2020 08:08]
RIYADH- SABA
The Council of Ministers has strongly condemned the seizure of the containers of the Central Bank of Yemen (CBY) in the interim capital Aden by groups of gunmen affiliate to the so called Southern Transitional Council (STC).
In its virtual session held Sunday presided over by the Prime Minister Dr. Ma'een Abdulmalik the Cabinet described this move as a savage action and gangs' approaches.
" This illegal action has made it clear that the STC is insisting on the rejection of the implementation of Riyadh Agreement, deliberately aiming to thwart the accord and foil the efforts have been made by the leadership of the Kingdom of Saudi Arabia to put it into effects", said the Cabinet.
The Council of Ministers warned that this criminal act will have the devastating impacts upon the national currency exchange rate which will be subjected to catastrophic slide.
The Cabinet elaborately discussed the Houthi rebel militia's decision to impose 20% tax upon the country's resources revenues under the so-called "al-Khums-one fifth income tax" in favor of the so-called Bani Hashem people.
The Cabinet stated that " this illegal and illogical action promotes an abhorrent ethnic-racist discrimination inconsistent with all national and international laws and principles of humanitarian justice and equal citizenship".