Marib authorities to shut down unlicensed money exchange businesses

Zindani returns to Aden after participating in the session of the Council of Foreign Ministers of OIO

The Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani, returned today, Tuesday, to the temporary capital Aden, after participating in the extraordinary session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) held in Jeddah, Saudi Arabia.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

WB grants a $100 million to Madagascar

The World Bank (WB) has provided a grant of $100 million to Madagascar, aimed at improving the performance of the national electricity and water company 'JIRAMA', which is suffering from a severe financial crisis.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/08/26 Time 02:21:23
Latest News:

President al-Alimi receives an invitation from the Egyptian President to attend the opening of the Grand ..

Prime Minister Affirms Commitment to Investing in Human Capital on World Population Day

Ambassador al-Eryani discusses developments in Yemen with Deputy Head of Middle East Division at German ..

Health Minister Reviews Emergency Preparedness and Response Plans

Yemen Participates in 45th Executive Council Meeting of Arab Center for Dry Land Studies

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.