$4 billion has disappeared from Yemen's Central Bank


Wednesday, May 18, 2016 6.32AM / Al Arabiya English

Four billion dollars have disappeared from Yemen’s Central Bank in the Houthi-controlled capital Sanaa and the country is on the verge of declaring bankruptcy, its foreign minister told reporters.

Foreign Mininster Abdel-Malek al-Mekhlafi did not accuse any side and gave no further details.  

His announcement is a bad omen for Yemen, where a conflict between its internationally-recognized government and Iran-backed Houthi militias has caused a major   

humanitarian crisis in the country. On top of that, Yemen is already considered to be the poorest country in the Arabian Peninsula.   

Not only a looming bankruptcy but concerns about militants is also stifling Yemen. 

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