Aden (Debriefer) - The Aden-based Yemeni exchangers association late on Wednesday announced closure of all exchange firms, following the unprecedented depreciation suffered by national currency.
For the first time since the war outbreak in 2014, the Yemeni rial this week experienced a record decline, with one US dollar parallel to 880 rials.
In a circulation, the association called all exchange and banking firms in Aden to close as of 3 December, citing the spiral decline in the local currency against hard moneys.
On Tuesday, the World Food Programme said the Yemeni rial lost 250 percent of its value since the war eruption.
Yemen has been racked by an armed conflict pitting the internationally-recognized government against the Iranian-backed Houthis.
Yemen 6-year war has pushed the country to what the UN calls the world's worst humanitarian crisis, with most of the population in need for a type of humanitarian aid and immediate protection.