The Money Exchange Association in the interim Yemeni capital, Aden, announced the closure of all money exchange stores in the governorate, starting from Thursday, following a new deterioration of the riyal.
Today, Wednesday, the Yemeni riyal recorded a new collapse against the dollar, as it reached 788 riyals per one dollar, after a relative recovery of 690-665 late last month, affected by the announcement of the formation of the new government.
The Money Exchange Association in Aden called – through a communiqué – all money exchange companies and institutions to close their doors, starting tomorrow, Thursday, until further notice.
It stated that the closure decision came in response to a request from the Central Bank of Yemen, without further details.
From time to time, the Aden Money Exchange Association announces the closure of money changers to face the continuing deterioration of the local currency, in light of the government’s inability to find a solution to the dilemma that haunts the lives of most Yemenis.
For the sixth year, Yemen is witnessing a violent war that has led to one of the worst humanitarian crises in the world, as 80% of the population is in need of aid, and the conflict has pushed millions to the brink of starvation.