Marib authorities to shut down unlicensed money exchange businesses

The Member of the Presidential Leadership Council (PLC) Tariq Saleh met today, Sunday, with the Prime Minister Salem Saleh bin Braik.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

China's ETF market hits record $855.6

The combined scale of China's exchange-traded funds (ETFs) has hit a record 6.02 trillion yuan ($855.6 billion), up more than 2.2 trillion yuan from the end of last year, Shanghai Securities News reported Saturday, citing data from Choice, a financial information provider.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/05 Time 06:04:28
Latest News:

Presidential Leadership Council Member Tariq Saleh meets with Parliament Speaker

Mauritania Welcomes Yemen Southern Conference Initiative

President al-Alimi: Re-establishing security, stability in Hadramout, Mahra heralds new era of development ..

Oman Welcomes Southern Yemen Issue Conference Initiative

Djibouti Welcomes Initiative of Organizing Southern Yemen Issue Conference

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.