Exchange firms raise remittance fees by 300%
English - Monday 30 December 2019 الساعة 10:02 am
aden,newsyemen
Money transfer fees from the city of Aden and the liberated areas to Sanaa and the rest of the areas under the control of the Houthi militia, the Iranian arm in Yemen, increased by nearly three times the previous value.
According to dealers, the value of transferring twenty thousand Yemeni riyals from Aden to Sanaa amounted to more than one thousand riyals for the first time.
Observers said that exchange companies took advantage of the Houthi militia’s decision to prevent the circulation of the national currency in Sana'a and unedited areas, and increased remittances by rates ranging from 100% to 400%, and some of them deduct 20% of the value of the transfer.
Activists on social media platforms criticized the high rate of remittances by exchange companies, as well as the legitimate government’s neglect of this manipulation and exploitation.
Journalist Adel Omar said, "What is happening by some institutions, banks and exchange companies to impose fictional amounts such as fees for transferring funds between governorates is a pillage and exploitation that must be set by the central bank and determine a specific percentage and hold accountable for those who loot the funds of the transferers taking advantage of their need for that service."
While the journalist writer Ahmed Ghorab said, "I am with al-Karimi district," and the vanity cemetery at the Money Exchange added their services are declining and their fees are on the rise, in addition to that they do not care and do not care about people's complaints.
"You want to send 100,000 riyals to Sanaa ... the commission is 7,000 riyals, and some are celebrating the new Turkey car," said activist Yahya al-Borai, on his Facebook account, referring to elements of the Islah party, the local branch of the Muslim Brotherhood.
The value of remittances through exchange companies shows the increase in transfer services and their variation between one governorate and another, while smaller exchange companies, withholding larger amounts that may reach five thousand for an amount not exceeding tens of thousands.
