To dispose of its stockpile..Houthi limits dealings with the white dollar category in its areas of control

English - الأحد 24 أكتوبر 2021 الساعة 05:34 م
Sana'a, NewsYemen, private:

 The Houthi militia issued a circular to stop dealing in the US dollar in the blue denomination, after a difference in its price against the white denomination appeared.

 A document issued by the Central Bank, which is under the control of the Houthi militia, in Sanaa, showed a directive to prevent dealing in blue dollars, whether by withdrawal or deposit, and limiting dealings to the white denomination, which was printed before 2013.

Economic observers confirmed to NewsYemen that the reason behind this move is that the Houthi militia has a stock of pre-2009 white dollars that need to be exchanged.

Observers expected that all those old copies of dollars arrived at Iran's arm from abroad through the port of Hodeidah, which is under its control and used for smuggling.

 Observers made it clear that there is no fluctuation in the exchange rate in the areas controlled by the Houthi militia and the exchange rate is fixed, as the militia worked to curb the demand for foreign exchange and the traders turned to buy dollars from the liberated areas.

He pointed out that the Houthi militia's measures to oblige the banking sector to limit dealing in dollars from the old edition, not to control the exchange rate or to control the exchange rate difference between the new and old blue dollars.