ADEN, Aug. 31 (YPA) – Money exchange companies in the coalition-controlled city of Aden have completely suspended services in rejection of the pricing announced by the central bank affiliated with the Aden government.
According to media sources, this sudden cessation of exchange companies paralyzed foreign currency buying and selling, particularly the dollar and the Saudi riyal.
They added that the strike came in protest against what money changers described as the “unrealistic rate” being imposed by the Aden-based central bank, which threatens to force exchange shops and banks to comply.
The sources noted that exchange owners to continue to purchase foreign currencies from the market, but were completely reluctant to sell them, further increasing pressure on the value of the local currency.
AA