ANAA, March 9 (Saba) - An official source in the Government of National Salvation said on Friday that the prosecution and the security services competent closed more than 150 money exchange shops without a license and in violation of the instructions of the Central Bank of Sanaa.
The source told Saba that this action comes in the context of several measures taken by the government and the Supreme Economic Committee to maintain the exchange rate and reduce speculation in foreign currency.
The source attributed the reasons for the rise in the exchange rate of the dollar during the past weeks to the chaos witnessed in the Bank of Aden and its inability to control the financial situation or to do any real activity to reduce the deterioration, except those statements or the media clamor produced by their media's kitchens that has become ridiculed, where the fact for the people had been exposed and everyone know that the exchange rate disorder was continuing for more than a month without moving a finger by Aden Bank.
The source stressed that the Bank of Aden bears all responsibility for the exchange rate disturbance and its devastating effects of national capital and high commodity prices.
"Instead of dealing with the causes and the role of the Bank of Aden, the bank has in an unprecedented step in the history of banks resorted to manipulating the national currency of the money in market buying millions of dollars and Saudi riyals from the exchange shops and some banks.
It pointed out that the claim of the Bank of Aden to cover what it is called documentary credit transactions to finance commodities is nothing but a lie and manipulation with lives of the people of Yemen.
"In addition to the above, the Bank of Aden continues to pump the printed currency into the market to buy the dollar and foreign exchange despite all the warnings from economists and international organizations."
"The exchange rate turmoil has exacerbated mercenary conflicts and pushed the oil mafia to buy the currency from the market in Aden after Aden Bank announced its inability to finance the purchase of oil derivatives and raised the exchange rate from 440 to 500. Moreover, After it became clear to the people the great lie of financing of goods from the Saudi depository. "
"Where are the oil money produced from Hadramout and Shabwa and where the foreign exchange revenues that cover the country's needs because they are being able to cover consumption in the occupied territories, " it said.
AA
Saba
The source told Saba that this action comes in the context of several measures taken by the government and the Supreme Economic Committee to maintain the exchange rate and reduce speculation in foreign currency.
The source attributed the reasons for the rise in the exchange rate of the dollar during the past weeks to the chaos witnessed in the Bank of Aden and its inability to control the financial situation or to do any real activity to reduce the deterioration, except those statements or the media clamor produced by their media's kitchens that has become ridiculed, where the fact for the people had been exposed and everyone know that the exchange rate disorder was continuing for more than a month without moving a finger by Aden Bank.
The source stressed that the Bank of Aden bears all responsibility for the exchange rate disturbance and its devastating effects of national capital and high commodity prices.
"Instead of dealing with the causes and the role of the Bank of Aden, the bank has in an unprecedented step in the history of banks resorted to manipulating the national currency of the money in market buying millions of dollars and Saudi riyals from the exchange shops and some banks.
It pointed out that the claim of the Bank of Aden to cover what it is called documentary credit transactions to finance commodities is nothing but a lie and manipulation with lives of the people of Yemen.
"In addition to the above, the Bank of Aden continues to pump the printed currency into the market to buy the dollar and foreign exchange despite all the warnings from economists and international organizations."
"The exchange rate turmoil has exacerbated mercenary conflicts and pushed the oil mafia to buy the currency from the market in Aden after Aden Bank announced its inability to finance the purchase of oil derivatives and raised the exchange rate from 440 to 500. Moreover, After it became clear to the people the great lie of financing of goods from the Saudi depository. "
"Where are the oil money produced from Hadramout and Shabwa and where the foreign exchange revenues that cover the country's needs because they are being able to cover consumption in the occupied territories, " it said.
AA
Saba
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