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Marib authorities to shut down unlicensed money exchange businesses
[04/08/2018 02:09]

MARIB-SABA
A committee chaired by the Deputy Governor of Marib province, Dr. Abd-Rabbu Miftah has approved a plan to shut down unlicensed money exchange business in line with a decision from the Central Bank of Yemen.

The plan, approved by a local government panel will refer exchangers operating without licenses to court.

"This decision of the Central Bank, albeit late, is important in order to preserve the value of the Yemeni currency and the Yemeni economy which are collapsing due to the unfair and illegal speculation with the national currency against foreign currencies," said Miftah.

The recent dramatic devaluation of the Yemeni riyal caused a mad rise in the prices of all basic commodities worsening the already severe humanitarian crisis in the country.




PM discusses with Hadramout Governor basic services
Dep. FM confers with Turkish Ambassador over bilateral relations
Finance Minister discusses with Arab Monetary Fund comprehensive reforms
Government reaffirms its commitment to achieving sustainable development goals
Yemen takes part in forum for ratification statute of the Islamic Court of Justice in Kuwait
Director of Al-Hikma charity appreciates Saba's efforts in covering charity activities
UN temporarily suspends operations in Saada after Houthi militia detention of it eight of the organization's employees
Vice FM meets with Ukrainian Ambassador
Lou'ay al-Eryani swears-in as Ambassador of Yemen to Federal Republic of Germany
Minister of Finance participates in the 9th Public Finance Forum in Dubai

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