Two sides have informed Hans Grundberg, the UN envoy to Yemen, that they 'agreed on several measures to de-escalate' on a deal that Saudi Arabia helped broker.
Two sides have informed Hans Grundberg, the UN envoy to Yemen, that they "agreed on several measures to de-escalate" on a deal that Saudi Arabia helped broker.In May, the government-controlled central bank banned transactions with six banks in Houthi-held Sanaa for failing to abide by an order to relocate to Aden. / Photo: Reuters
It came as the warring parties were locked in a fight for control over the country's banks, with both facing a severe financial crunch. The rebels and the government had in December committed to a UN-led roadmap to end the war, agreeing to work towards"the resumption of an inclusive political process."
As a result, currency exchange offices, money transfer agencies and banks in government-held areas could no longer work with those financial institutions.
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