South Arabia

Al-Qutaibi: The central bank pays billions of riyals to governorates that do not supply a penny

[su_label type=”info”]SMA NEWS / Aden / Exclusive[/su_label][su_spacer size=”10″]

The economist, Dr. Musaed Al-Qutaibi, was surprised by the screaming of some people about stopping the governorate of Aden from supplying a portion of its revenues to the Central Bank of Yemen, at a time that the governorates of Marib, Al-Jawf, Al-Mahra and Shabwa refuse to supply any amount to the bank since 2015.

Dr. Al-Qutaibi said, on Facebook: “Since 2015, Marib governorate has not supplied a single penny of its revenues to the Central Bank in Aden, yet tens of billions of riyals are sent every month to it from the Central Bank in Aden.”!

He added: ” like Marib, other provinces of the Yemeni Central Bank rebelled, including Al-Jawf and Al-Mahra, not to mention the not liberated provinces in the north, but all of these provinces (rebellious and not liberated) received from the central bank tens of billions of riyals per month.”

He explained: “The reality of the situation in Aden is completely different from those of the governorates. As soon as Aden stopped supplying a portion of its revenues to the Central Bank, which it supplied to the National Bank of Yemen in accordance with the decision of the Self-Administration of the South, they racked the world over due this decision, and all those in legitimacy from the government and the ruled, punished it with all kinds of collective punishment.

Dr. Al-Qutaibi concluded: “Despite the gravity and poor conditions in Aden and the neighboring governorates, this only increased its steadfastness.”

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