Saudi Arabia disrupted the unified financial network created by the Central Bank of Aden, supervised by USAID, in June, as per economic researcher Rashid Al-Haddad. The economic agreement between Yemen’s Sanaa and Saudi Arabia led to the downfall of Aden’s central bank’s financial network, with USAID being responsible for internal transfers under false pretenses.

Al-Haddad emphasized that Saudi Arabia’s actions indicated its control over political, economic, and military decisions in southern Yemen. The Saudi-led coalition and its government members were viewed merely as employees by the Saudi-backed committee.

Halting economic measures against commercial and Islamic banks helped Saudi Arabia avoid economic risks and prevented division in Yemen’s banking sector, ensuring its stability.

YPA