About 40 money changers arrested in Marib

MARIB, Aug. 05 (YPA) – The coalition-backed Islah party launched on Tuesday a massive arrest campaign targeting dozens of money changers in Marib city.

Director of the Marib-based Yemen Central Bank’s branch, Jamal Al-Kamel, admitted that more than 40 money changers had been arrested and imprisoned for selling foreign currency, as part of a campaign launched by the bank to control what he called “foreign exchange market manipulators”.

He confirmed that the detainees had been placed in prison pending trial, noting that the bank would provide the foreign currency to traders without purchasing it from the market.

This came as part of the coalition-backed Aden government’s policy of imposing unrealistic and fictitious exchange rates for the Yemeni riyal against foreign currencies in Aden and other southern provinces.

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