In protest against the collapse of the currency, the Central Bank of Marib directs the closure of exchange companies in the governorate

On Wednesday, the Central Bank of Yemen branch in Ma'rib governorate ordered the closure of all exchange companies in the governorate in protest against the collapse of the national currency against foreign currencies.

Media sources said that the leadership of the Central Bank branch in Marib directed the closure of all exchange facilities and companies in the governorate until further notice, in protest against the collapse of the value of the Yemeni riyal against foreign currencies.

This comes amid the continued collapse of the national currency against foreign currencies to unprecedented levels, amid the failure of the Leadership Council and the government to take the necessary measures to put an end to this historic collapse.

Earlier on Wednesday, the Central Bank of Yemen attacked the Presidential Leadership Council and the government, accusing them of not responding to its proposals regarding solutions to the collapse of the national currency, which reflects the effects of targeting oil facilities.

According to the statement issued by the bank following an extraordinary meeting of its board of directors, the continued deterioration of the living conditions is due to the ongoing war by the Houthi militias on oil facilities, which has halted oil and gas exports, two major sources of government resources.

The Central Bank indicated that the Houthis continue to target the stability of the national currency, by promoting rumors and false reports, while the institution confirmed the government's inability to deal with the crisis effectively.

He also expressed his regret for not implementing the solutions he had presented since 2022 to confront the repercussions of the Houthi attacks on revenue-generating sectors, especially the oil sector, which led to the disruption of the use of important sovereign resources.