Central bank approves new regulations money exchange business

Government: "Yemen Dawn Operation" New Phase in Struggle for Restoring State Institutions, Eliminating Houthi Coup

The Yemeni government confirmed that His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) declared "Yemen Dawn Operation" based on his constitutional and legal responsibilities to protect citizens and safeguard Yemen's sovereignty over its airspace, lands and territorial waters.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/10 Time 09:57:33
Latest News:

Report: Houthi Militias Blamed for Demolishing 1,774 Homes, Civilian Buildings

Amb. al-Eryani Updates German Lawmaker on Developments in Yemen

Yemen's Ambassador Confers with Malaysian Official over Joint Cooperation

State Minister Discusses Houthi Escalation, Displacement Crisis with Dutch Ambassador

EU Signs Agreement Worth 10 Million Euro to Boost Climate-Resilient Agricultural Food Systems in Yemen

Central bank approves new regulations money exchange business

[04/08/2021 12:33]

ADEN – SABA
The Central Bank of Yemen has approved new regulations money exchange business in all governorates of the Republic.

The Aden-based bank's new procedures will lead to addressing some of the shortcomings: improve the activity function of money exchange businesses, develop their performance, raise their efficiency and level of discipline, reduce the risks associated with the business, and contribute to achieving monetary and financial stability.

The regulation set strict conditions for new money exchange investors applying for licenses to enter the business, by stipulating that a number of general eligibility conditions be met including the submission of economic feasibility studies.