Newspaper: Houthis counterfeit the Yemeni Riyal in Iranian presses

Newspaper: Houthis counterfeit the Yemeni Riyal in Iranian presses

 

The Houthi militias are continuing to loot and systematically destroy the national economy, counterfeiting the local currency by printing presses machines they obtained from Iran, local sources to al-Bayan newspaper on Thursday.

In recent months, Iran has been able to smuggle printing presses for the Houthi militias, with the aim of destroying the national economy and confusing the Yemeni government, Al-Bayan reported.

According to economists, the Houthi printing of large amounts of banknotes, replacing them with foreign currency, exchanging the printed banknotes with foreign currency and transferring the funds abroad means further destruction to the national economy and local currency, and may lead to the total collapse of the local currency.

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