Exchange companies and shops, in areas controlled by the Houthi militias, took a shocking decision against the owners of foreign currency remittances.
Local sources said that exchange companies and shops refuse to deliver remittances in foreign currencies, and stipulate that they be banked and converted into the local currency, which is threatened with cancellation within weeks. Coming.
The sources explained that the exchange shops claim that there is no cash liquidity in foreign currencies, which is the behavior they adopt with every crisis in the banking sector.
The sources indicated that the Houthi militias prevented exchange companies and shops from selling foreign currencies, It stipulated that remittances be paid in local currency.
The sources confirmed that the step taken by exchange shops is not new, as during the past months they required half of the remittance to be delivered in local currency, and the other half in foreign currencies, but they recently resorted to stopping paying remittances or part of them in currencies.
These measures come in conjunction with strict decisions of the Central Bank in Aden, aiming to end the Houthi militias’ control over the banking sector.