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2026/02/02
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Latest News:
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Latest News:
Masam Project Clears 2,108 Houthi-Laid Mines in One Week
Human Rights Ministry Uncovers Grave Violations Committed by Emirati Officials and Foreign Mercenaries
President Warns Against Replicating Houthi Militia Violations Against Journalists and Public Freedoms
Prime Minister Receives UNDP Resident Representative to Yemen
Ambassador Eryani Discusses Developments in Yemen with German Foreign Ministry Official
Yemen’s central bank takes measures to stop dramatic depreciation of the Riyal
[22/09/2020 03:38]
ADEN - SABA
Yemen’s Central Bank took a number of initial measures to control the dramatic depreciation of the national currency.
In a meeting in the bank’s headquarters in Aden today, the bank’s leadership adopted measures to regulate the import of fuel cargos, suspend the business permits for four money exchange businesses, suspend most local remittance networks as of Saturday 26th September until the creation of one network of exchangers that operates under the supervision of the bank.
The bank also decided to carry out regular inspection measures on money exchange businesses to control money speculation practices.
Key words:
SABA Yemen’s - depreciation - headquarters - supervision - speculation - remittance - inspection - leadership - exchangers - businesses -
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Prime Minister Receives UNDP Resident Representative to Yemen
Ambassador Eryani Discusses Developments in Yemen with German Foreign Ministry Official
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