AP –  Yemen’s exiled president sacked the head of the central bank on Sunday and ordered it relocated to the southern city of Aden, a move that would ramp up pressure on the Shiite Houthi rebels who control the capital.
President Abed Rabbo Mansour Hadi announced the move from Saudi Arabia late Sunday. Hadi’s forces control Aden, while the Houthis rule the capital, Sanaa, in the north. Most of Yemen’s 26 million people are concentrated in the rebel-held north.
Yemen’s limited oil revenues flow to the central bank. Sunday’s move would therefore deprive the Houthis of a potential source of cash. The rebels’ opponents have long accused them of plundering the treasury.
The relocation of the bank will likely cause further economic deterioration in the north, where the Houthis and security forces loyal to former president Ali Abdullah Saleh, hold sway. Government employees have not been paid in months, and the capital, like most Yemeni cities, suffers shortages of fuel, water, electricity and basic goods.
Hadi announced the move as part of a limited Cabinet reshuffle. The current head of the central bank, Mohammed bin Hamam, will be replaced by Mansar Al-Kaiti, an independent technocrat who has served as Hadi’s finance minister.
Hadi has been based in Saudi Arabia since the Houthis seized Sanaa in 2014.
A coalition of Arab countries led by Saudi Arabia intervened to restore the United Nations-recognized government of Hadi in April 2015, waging an air campaign against the Houthis and later sending troops to fight alongside pro-Hadi forces.
The war has left some 10,000 people dead or wounded.

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