Houthi-controlled areas face a severe dollar crisis

The exchange companies in Houthi-controlled areas have taken a shocking decision against owners of foreign currency transfers in their continued efforts to blackmail people. Banking sources told Khabar Agency.

According to the sources, the exchange companies refuse to deliver transfers in foreign currencies and require them to be exchanged and converted into the local currency, which is threatened to be withdrawn in the coming weeks.

The exchange companies claim that there is no cash liquidity of foreign currencies, which is the behavior they take with every crisis in the banking sector, especially since the Houthis prevented the exchange companies from selling foreign currencies and required the payment in local currency. The sources said.

These measures come in conjunction with strict decisions by the Central Bank in Aden, aimed at ending the Houthis control over the banking sector.