Marib authorities to shut down unlicensed money exchange businesses

Foreign Minister Discusses with UN Resident Coordinator Enhancing Humanitarian, Development Cooperation

Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani discussed Wednesday- via video conference- with the Resident Coordinator of United Nations agencies and organizations operating in Yemen Julian Harnis ways to enhance humanitarian and development cooperation.

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).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/14 Time 05:39:08
Latest News:

Chairman of Shura Council Discusses with European Union Ambassador Efforts to Support Peace, Stability ..

Governor of Taiz Discusses Emergency Measures to Address Water Crisis

Yemen Participates in 49th Session of Arab Youth and Sports Ministers Council in Cairo

Yemeni Military Heroes Laid to Rest in Marib Ceremony

Al-Mahra Security Committee Calls for Voluntary Surrender of Weapons Within 10 Days

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.