Houthi Militia Worsening Economic Crisis

The official spokesperson of the Saudi-led Arab Coalition, Colonel Turki Al-Maliki, said that the Houthis were causing problems that were directly affecting the Yemeni economy, according the official media outlets.

The spokesperson has also highlighted that the ongoing looting by the Houthi militia as the worst these problems, which he claimed has already exceeded more than $5.2 billion.

The Houthis have collected more than 800 billion Yemeni riyals worth of taxes in ports that they controlled, he added, during a press conference of the coalition forces supporting the internationally recognized government of Yemen, which was held at the Armed Forces Officers Club in Riyadh.

Colonel al-Maliki said that the Houthi militia, backed by Iran, also stole a billion dollars from the General Organization for Insurance in Sanaa, and noted that all these hostilities by the Houthi militias were not of interest to the Yemeni people.

The Office of the Coordinator of Humanitarian Affairs (OCHA) and many governmental and non-governmental organizations have condemned the actions of the Houthi militias.

Al-Maliki also stated that Saudi Arabia’s continued efforts to support the Yemeni economy was proof of its credibility. According to Al-Maliki, the Kingdom has donated $1 billion in 2014, deposited at the Central Bank of Yemen, with another $2 billion donation made in January of 2018 aimed at supporting the Yemeni currency.

For his part, King Salman also provided $200 million to the Yemen central bank in support of its financial position.

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