Marib authorities to shut down unlicensed money exchange businesses

Yemeni, Saudi Foreign Ministers Discuss Developments in Yemen, Region

Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba held a phone call on Thursday with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud on developments in Yemen and the region and ways to strengthen joint coordination.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/30 Time 11:09:01
Latest News:

Yemen Calls on Security Council to Take Strong Measures to Stop Houthi Attacks on Aden International ..

Yemen, UK Discuss Humanitarian and Development Cooperation

Aden Airport Resumes Operations After Houthi Shelling

Yemeni Ambassador Urges US Action on Taiz Siege

President al-Alimi Sends Message of Condolences to King of Spain on Victims of Train Collision

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.