Central bank approves new regulations money exchange business

Amb. Balfaqih Seeks Further Indonesian Development Cooperation

The Ambassador of the Republic of Yemen to Indonesia Salem Balfaqih met today, Monday, with the Director of the International Development Cooperation at the Indonesian Foreign Ministry Rena Sitiwati.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/13 Time 09:03:52
Latest News:

Amb. Balfaqih Seeks Further Indonesian Development Cooperation

Yemen, IOM Discuss Aligning Interventions with Government Priorities

Yemen, Malaysia Discuss Strengthening Health Cooperation

Defense Minister Vows to Confront Violations of Yemen's Airspace

Cabinet Declares Permanent Session Over Houthi Escalation

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.