Sana’a – Unconfirmed reports have surfaced alleging that Houthi authorities have transferred significant amounts of cash and gold reserves from the Central Bank in Sana’a to undisclosed locations in Saada, their northern stronghold. 

The move, if verified, could signal deepening financial instability in Houthi-controlled territories and raise concerns over the future of Yemen’s monetary system.

Sources within the banking sector, speaking on condition of anonymity, suggest the transfer may be linked to a growing liquidity crisis in Sana’a, where commercial banks are reportedly struggling to meet basic cash demands. 

The alleged relocation of assets comes amid mounting accusations that the Houthis are operating unauthorized currency printing facilities and circulating unregulated banknotes.

The internationally recognized government in Aden has previously warned of attempts by the Sana’a-based central bank to inject counterfeit currency into the market, further destabilizing the economy and undermining public trust in the financial system.

Economic analysts caution that such actions—if confirmed—could deepen the divide between Yemen’s rival banking institutions and accelerate the shift toward foreign currencies, particularly the Saudi riyal, in daily transactions across Houthi-held areas.

No official statement has been issued by Houthi authorities regarding the alleged transfer.