The sanctions team visited the Central Bank today ... Muin Abdul-Malik: The Saudi depository provided food for 30 million Yemenis

"The Saudi deposit has positively affected 30 million Yemenis, and protected the country from a major humanitarian crisis with regard to food," he said in a press conference broadcast on YouTube today, Tuesday. And “if there is a defect with regard to the procedures related to the deposit, the person responsible for that will be punished.”

He said that the UN Security Council experts based their report on the wrong methodology criticizing the subsidy policy, and said: “When they say that the strategy to support basic commodities is a destructive strategy, destructive in the sense of what? We leave our people to go hungry? Food security was threatened in 2018. The leadership of the Kingdom of Saudi Arabia, represented by the Custodian of the Two Holy Mosques and the Crown Prince, took a courageous decision to support Yemen with $ 2 billion, which is direct support that arrived through the government and the Central Bank. It was this support that had the greatest impact on the citizens. Therefore, the stability of the price of basic commodities for the citizen for a long time was dependent on the deposit.

"The deposit was only for a year, and it affected for two years in terms of the stability of basic commodities and exchange rates," he said.

He emphasize that if there is a mistake in the procedures for using the deposit, "we will punish any party or individuals who were responsible for this," explaining that an international company will be selected to audit the accounts.

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