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think

(11,641 posts)
Wed Aug 24, 2016, 07:11 PM Aug 2016

Exiled Yemen government risks humanitarian catastrophe to cut off central bank

Source: Reuters

In Yemen's war of attrition, the Saudi-backed exiled government has now decided that the central bank is an easier target than the capital, shielded from its troops by 60 kilometers (40 miles) of daunting mountains teeming with fighters.

A decree this month to cut the bank off from the outside world is aimed at using economic pressure to vanquish the Houthi fighters of the Zaydi branch of Shi'ite Islam, who have ruled the capital and most of northern Yemen for nearly two years.

It means the Houthis may struggle to pay state employees, including teachers, doctors and the soldiers from an army that mostly fights on their side in the civil war.

But it also means that millions of people in territory controlled by both sides will become poorer, and a country that imports 90 percent of its food may have no way to feed itself.

Read more: http://www.reuters.com/article/us-yemen-security-centralbank-idUSKCN10Z0SX

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Exiled Yemen government risks humanitarian catastrophe to cut off central bank (Original Post) think Aug 2016 OP
Terrible. I had read that the Houthis have been looting Hortensis Aug 2016 #1

Hortensis

(58,785 posts)
1. Terrible. I had read that the Houthis have been looting
Wed Aug 24, 2016, 07:42 PM
Aug 2016

bank depositor accounts to fund themselves, so even those previously with means may find themselves without money to purchase the food and medicines that may disappear.

Poor and arid, Yemen imports more than 90 percent of its food, including most of its wheat and all its rice. Some 21 million of Yemen's 28 million people need some form of humanitarian aid and more than half the population suffers from malnutrition.
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