A severe liquidity crisis in unfolding in Sana’a and other areas in North Yemen under Houti control. All banks and money exchange shops are reportedly suffering from a drastic cash shortage, with some handing out damaged and worn-out banknotes, especially the 500 rial denominations.
Banks have stopped all cash withdrawals, causing serious problems to their depositors, who lost access to their funds.
The Houtis have forbidden the use of the notes issued by the Central Bank of Yemen in Aden.
Source: YeniYemen.net
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