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STC: We agreed to restructure the bank, and Shabwa and Hadhramaut oil must be supplied to Aden

English - Tuesday 07 December 2021 الساعة 05:34 pm

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Aden, NewsYemen:

 The spokesperson for the Southern Transitional Council, Ali Abdullah Al Kathiri, commented on the appointment of a new board of directors for the Central Bank.

Al Kathiri said, "The Southern Transitional Council has been seeking to restructure the Central Bank's board of directors in a way that consolidates the foundations of economic stability and stops the accelerating collapse of the currency."

And from this point of view, we congratulate the decisions to change the bank's board of directors, which were made in agreement between the board and the presidency of the Yemeni legitimacy.

He expressed his hope that all difficulties will be overcome before the new administration of the Central Bank in the capital, Aden, in a manner that achieves economic and living stability, including the need to supply all oil and gas revenues to the Central Bank in Aden.

For his part, a member of the Presidency of the Southern Transitional Council, Salem Thabet al-Awlaki, considered restructuring the Central Bank by appointing a new administration a step that is not sufficient unless legitimacy adheres to handing over oil revenues to the bank’s account.

Al-Awlaki tweeted, that changing the management of the Central Bank is not a sufficient step, unless the legitimacy itself commits to supplying the bank’s account in Aden, on top of that, the proceeds of oil sales in Shabwa and Hadhramaut instead of supplying them to private accounts outside the country.

He added, "Popular and public pressure must continue, in the face of networks of interests and cross-border corruption."