Marib authorities to shut down unlicensed money exchange businesses

Minister of Electricity, UN Envoy's Advisor Discuss Joint Cooperation About Electricity

The Minister of Electricity and Energy Engineer Adnan al-Kaaf conferred today, Sunday, with the Economic Advisor at the Office of the UN Secretary-General’s Special Envoy to Yemen Dirk Jan Omtzigt, in the temporary capital Aden, over joint cooperation in the electricity and energy.

10 Palestinians Killed in Gaza as Israeli Forces Arrest Palestinian Minister

Ten Palestinians, including nine Palestinian police officers and personnel, were killed and others injured in Israeli airstrikes and shelling targeting northern and central Gaza Strip on Wednesday.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/24 Time 09:37:59
Latest News:

Yemeni Ambassador Bin Brayk Hands Credentials to Saudi Foreign Ministry

Houthi Militias Target Two Civilian Vehicles in Dhale’a, Injuring Three

Minister of Industry : Private Sector Key Partner, Driver of Economic Activity

Ministerial Committee for Institutional Reforms Holds Its First Meeting In Aden

Health Committee Discusses Strengthening National Preparedness to Address Health Emergencies

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.