Economic think-tank warns against attacks on banks

Economic think-tank warns against attacks on banks

Alsahwa Net- The Studies and Economic Media Center (SEMC) warned on Saturday against the continuous double decision making on the banking sector in Yemen and illegal acts taken recently against banks.

“Those practices taken by some security services of the Houthis in Sana’a including storming banks and arresting management staff represent a serious attack that will lead to disastrous repercussion on the living standards,” the SEMC said in a statement.

“Leaders of the banking sector have attempted during the past few days to find solutions that ensure continuity of banks’ business towards serving the society away from the narrowed vision, yet the defiance prevailed over success of those attempts,” the statement read.

“Defiance to efforts calling for the neutralization of the banking sector forms a deliberate damaging to the banking system and rejection to the economic requirements and needs of the Yemeni people,” it said.

It called on the Houthis-run central bank in Sana’a and the government-run central bank in Aden to immediately reverse all measures that worsen the crisis and to seek a common professional mechanism for the management of the banking sector.

It asked managing the banking sector with the perspective of retaining service to citizens and care to continuity of its activities and reinforcing its transparency and independence to assist the national economy.

The SEMC is a non-profit organization that works on raising awareness levels about economic issues and engaging citizens at decision making.

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