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2026/01/21
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Latest News:
Ambassador Bahumaid discusses with Vietnamese Foreign Ministry official latest developments in Yemen
Meeting in Marib Discusses Enhancing the Impact of Humanitarian Interventions in the Agricultural Sector ..
Saudi Cabinet Follows Up on Efforts to End Yemen Crisis and Discusses Future of the Southern Issue
Prime Minister Discusses Bilateral Relations and Yemen's Developments with French Ambassador
Deputy Minister of Industry and Trade Discusses Export Development with International Partners
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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