Angry protests erupt in Aden against currency exchange companies accused of fraud

ADEN, Sep. 01 (YPA) – Angry protests broke out on Monday in front of currency exchange companies in the Sheikh Othman district of Aden province, controlled by the Saudi-led coalition in southern Yemen.

Citizens demanded the return of their foreign currency after falling victim to what they described as a systematic scam.

Dozens of protesters came out to condemn the alleged fraud, claiming they had sold their foreign currency at low prices over the past two days, only to be surprised later by a significant rise in the exchange rate. The protesters accused the exchange companies, which they allege are linked to leaders in the UAE-backed Southern Transitional Council (STC), of exploiting citizens to acquire foreign currency.

The protesters gathered in front of the exchange companies, which had closed their doors, and threatened to escalate their actions and loot the businesses if their demands continued to be ignored.

The demonstrators alleged that the exchange companies, in cooperation with the Central Bank in Aden, used a trick to deceive citizens by intimidating them with warnings of a currency crash to buy their foreign currency at low prices. The prices were then raised again just a few days later, causing a massive loss for the public.

YPA