A Yemeni economic expert pointed out that the Sanaa Bank exploits citizens in calculating foreign transfers, as they are calculated at the cheap price of the white dollar, even though it is non-existent in the market, which causes a huge loss for citizens and expatriates.

Economist Ali Ahmed Al-Tuwaiti said, in a post on his Facebook page, that Sanaa Bank controls the price of the white dollar only, while merchants deliver the blue dollar at a price of 3.82 Saudi riyals per dollar.

Al-Tuwaiti added that this exploitation causes a loss of up to 15% of the value of citizens’ foreign transfer.

Al-Tuwaiti pointed out that there is another exploitation carried out by Sana'a Bank, where exchange rates are calculated on cash at a lower rate and on accounts at a higher rate.

Ahmed said that this exploitation causes a loss of up to 5% of the value of the amounts deposited in the bank.

In another context, press reports indicated that there is no liquidity in the Houthi-controlled areas, and if someone withdraws a dollar from the bank, it is calculated as 2,000 riyals for every dollar, which reveals that there is a large imbalance in exchange rates, and the Houthis in Sanaa are imposing an unrealistic exchange rate that will... Daily trading.