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Asharq Al-Awsat
Asharq Al-Awsat
World
Aden - Mohammed Nasser

Houthi-Linked Financial Entities Trigger Cash Crisis

A Yemeni worker counting money in a currency exchange store in Sanaa (EPA)

Mahmoud Naji, a Sanaa-based Yemeni citizen, was told by a currency exchange employee that he had to collect a financial transfer from his brother in Yemeni riyals due to a lack of foreign currency liquidity.

He did not fully comprehend what had happened until he randomly checked four different stores. Naji then realized that there was an unannounced liquidity crisis.

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