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The presidency plunders one billion and 600 million dollars in oil exports within two years

English - Sunday 08 August 2021 الساعة 11:23 am

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Aden, NewsYemen.

 The economic researcher, Waheed Al-Fawdaei, said that the oil revenues are allocated to the expenses of the presidency and the government abroad, and not a single dollar is supplied to the Central Bank of Yemen.

Al-Fawdaei revealed the allocation of one billion and 600 million dollars to cover the expenses of the presidency and the government abroad and not to supply it to the Central Bank of Yemen, which led to the collapse of the value of the riyal.

 Al-Fawdaei wrote on his Facebook page that the total oil exports that went to the presidency and the government during two years amounted to approximately 1,661,535,908 US dollars.  It is the net government share of production after deducting the operating company's shares and cost oil.

He stressed that this huge number was allocated to cover the expenses of the presidency and the government abroad, and not a single dollar is deposited in the treasury of the Central Bank.

 Al-Fawdaei called on the government and the presidency to search for financial support to cover the expenses of their stay in hotels in Riyadh and the rest of the country, and to supply oil sales to the Central Bank to support the value of the riyal.

 He said, "This is the people's money, and it is not permissible for you to dispose of it without the people's authority."