People receive cash at the Central Bank of Yemen in Sanaa August 24, 2016. REUTERS/Khaled Abdullah
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In Yemen's war of attrition, the Saudi-backed exiled government has now decided that the central bank is an easier target than the capital, shielded from its troops by 60 kilometers of daunting mountains teeming with fighters.Yemen's central bank, under veteran Gov. Mohamed Bin Humam, is one of the last state institutions to survive the rift that split the country when the Houthis took over the capital and forced President Abed Rabbou Mansour Hadi to flee.Sources in Hadi's administration have said the president was looking to name a new board for the central bank and a new governor to replace Bin Humam, and to relocate the bank to the southern port city of Aden, which is under government control.Hadi's government asked international financial institutions on Aug. 6 to block the central bank from accessing state funds abroad, accusing it of guiding $4 billion in foreign exchange reserves toward the Houthi war effort.Hadi's government has already started to shun the central bank.
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