Increasing reports on smuggling money from Aden to Houthi-held Sana'a

Increasing reports on smuggling money from Aden to Houthi-held Sana'a

The smuggling of Yemen's old riyal currency from Aden in the south to the Houthi militia-held Sana'a in the north is reportedly on the rise difference sources have confirmed, blaming that for the widening difference in exchange rate between the Houthi version and government's version of the riyal.

The Security Belt forces seized on Friday 26 November 2021 "big amounts of old riyal notes while en route to the Houthis," local sources in the north and south Yemen border province of Dhale'a told the media recently.

"There are parties feeding the Houthi militia with funds to keep the militia's economy stable and keep their currency stable," the source said.

The Security Belt that allegedly thwarted the snuggling is constituent of the UAE-affiliated Southern Transitional Council militia known as STC and Aden is full controlled by the STC with only a nominal representation of the government in the presidential palace.

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