Economy

Yemeni Government in Talks to Unfreeze Bank Accounts Abroad

Yemen’s internationally-recognized government is leading talks with German officials for releasing its bank accounts being frozen abroad as a result of the country's conflict.

In the interim capital, Aden, Governor of the Central Bank of Yemen (CBY) Mohammad Zimam discussed with German Ambassador to Yemen Carola Muller measures of re-opening CBY's accounts frozen by some German banks, state-run Saba news agency reported.

During the meeting, Deputy Governor of the CBY for foreign banking operations, Hussein Quaiti, said that unfreezing the accounts will help Yemen's central bank in paying its euro payment commitments in addition to resuming cooperation between the Yemeni and German banks, Saba said.

German banks were paying Yemen euro-paid commitment in accordance with a financial agreement signed between Yemen's Central Bank and Germany previously, it added.

The German ambassador also met with the country's Prime Minister Maeen Abdulmalik and discussed key financial issues and the suitable ways to support the war-torn Arab country economically.

Muller confirmed that she had communicated with German banks regarding unfreezing Yemeni bank accounts and is waiting for the response, according to Saba.

Abdulmalik said the Yemeni government “seeks to achieve economic recovery and to attract investment to Aden and other liberated provinces,” pointing to the government's commitment to pay salaries of state employees and retirees, including those in provinces under Houthi control.

On the efforts of manifesting a political solution for the war-ridden country, the Yemeni premier pointed out that “any efforts to reach a political solution to the Yemeni crisis, should be based on the Gulf Initiative and its executive mechanism, the outcomes of National dialogue, in addition to the relevant Security Council resolutions, most vitally resolution 2216”.

Yemeni official sources said that Yemeni President Abdrabbuh Mansour Hadi, during the meeting with German officials in Riyadh, stressed the importance of international pressure for exposing Houthis wavering commitment to the UN-brokered Stockholm agreement.

“The Stockholm talks test the intentions of insurgents through the implementation of its provisions in Hodeidah, especially those relating to humanitarian aspects and the release of prisoners and detainees,” Hadi had said.

AFP.

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