Marib authorities to shut down unlicensed money exchange businesses

Yemeni Ambassador Discusses Boosting Cooperation with Sudanese Official

The Yemeni Ambassador to Khartoum, Omar Al-Modawi, met with the Director of International Organizations at the Sudanese Ministry of Foreign Affairs, Ambassador Hamed Al-Jazouli, to discuss ways to enhance and develop bilateral cooperation between the two brotherly countries.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/18 Time 04:12:19
Latest News:

Yemeni Minister Emphasizes Duty to Boost Technical Education Amidst Challenges

President al-Alimi: Restoring Sana’a and a Just, United Yemen Will Remain a Unifying National Goal

Yemen’s Ambassador Participates in Board Meeting of Arab World Institute in Paris

Presidential Leadership Council Member Dr. Abdullah al-Alimi Discusses Developments in Yemen with EU ..

Chairman of the Presidential Leadership Council Exchanges Ramadan Greetings with Arab and Islamic Leaders

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.