The Central Bank directs the cessation of foreign currency buying and selling operations in the liberated areas

The Central Bank of Yemen in the interim capital, Aden, directed all exchange companies and establishments and the unified money network to stop buying and selling foreign currencies, in an attempt to limit the collapse of the Yemeni riyal in areas under the control of the legitimate government.

"Yemeni Youth Net" reviewed an internal circular issued by the Money Changers Association directed to money exchange companies and the Unified Money Network, stipulating the suspension of all foreign currency buying and selling operations and their exchange in Yemeni riyals, until further notice.

The circular indicated that this comes in accordance with the directives of the Central Bank, which stressed the need to take all "maximum punitive" measures, with the withdrawal of the exchange license for anyone who violates this.

The Central Bank's directives came after a historic collapse of the Yemeni riyal against foreign currencies, as the sale of the US dollar yesterday evening reached about 2279 riyals, while the sale of the Saudi riyal reached the 620 riyal barrier.

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.

The bank confirmed, following an extraordinary meeting, that it "will carry out its duties in restoring stability and protecting the national currency, protecting the banking sector, facilitating its performance of its tasks, and enhancing partnership and cooperation with sisterly and friendly countries and international financial and banking institutions to deal with the effects and consequences of classifying the Houthi terrorist militias and their repercussions on the financial and economic sectors and on the interests and dealings of citizens throughout the Republic of Yemen."