Central Bank in Sanaa gives citizens 30-day deadline to replace illegal currency

SANAA, Dec. 18 (YPA) – The Central Bank of Yemen in Sanaa on Wednesday gave a 30-day deadline starting from December 19, 2019 to the citizens who posses illegal currency to change it with the national currency.

This came in a statement issued by the Central Bank, in which it considered trading or possession of the illegal currency a gross damage to the national economy, the legal currency, and the supreme national interest.

The Central Bank decided to compensate citizens other than merchants, banks and money changers with electronic cash or the legal national currency for the illegal currency in their possession according to the approved ceiling via the electronic cash wallets agents specified by the bank.

The statement called on all components of society to contribute positively to protecting the economy, and maintaining the value of the national currency from collapse.

YPA