Aden Central closes the transfer and exchange networks

English - Monday 28 June 2021 الساعة 12:32 pm
Aden, NewsYemen:

 The Money Exchange Association, in the capital, Aden, suspended all remittance networks, coinciding with a new collapse of the local currency against foreign currencies.

A circular issued by the association, on Sunday, said that “the suspension is in implementation of the Central Bank’s decision, which began at ten o’clock in the evening on Sunday.

He confirmed the closure of all remittance networks without exception and the prevention of all simple restrictions operations between all money changers, in addition to closing the networks and reviewing and viewing from the host [HOST].

In the same context, the Houthi coup militia, Iran’s arm in Yemen, retracted its previous decision to prevent the transfer of any sums of money to its areas of control coming from the liberated areas, by setting a certain ceiling for the funds, estimated at 100,000 riyals only for each person of the local currency, and any  amount of foreign currency.