Marib authorities to shut down unlicensed money exchange businesses

OCHA: 1,228 families displaced from Hadhramaut to Marib

A UN report revealed the displacement of more than a thousand families from Hadramout governorate to Marib governorate, due to the rebellion led by the Southern Transitional Council in Hadramout Governorate.

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: ، 2026/01/03 Time 09:43:08
Latest News:

Arab Parliament confirms its support for Yemen's security and stability

Official source denies suspending flights through Aden International Airport

Ambassador Jumeih: UNESCO Sent Monitoring Mission to Socotra Following Reports of Violations World Heritage ..

Leadership Council Chairman Warns Against Undermining Sovereign Decisions

EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region

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.