Yemeni Exchangers Association warns against manipulating exchange rates

SANAA, Jan. 22 (YPA) – The Yemeni Exchangers Association on Tuesday warned all money exchange companies against manipulating the exchange rates and going along with the illogical rise in price.

In a statement issued Tuesday and Yemen Press Agency obtained a copy of it, the Association called on the exchange companies and facilities to commit to the specified sale and purchase margin, and not sell to the areas of the rise under any justification.

The Association stressed that all exchange companies and establishments must sell only to their clients with taking the necessary data that specify the purpose of the sale or purchase in detail.

The statement called on the exchange companies to abide by these instructions, indicating that committees from the competent authorities would follow up the implementation and hold accountable the violators.

YPA