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Last Update: ،
2026/10/07
Time
08:04:10
Latest News:
Bahrain Backs Efforts to Restore Yemeni State, Condemns Houthi Attacks on Saudi Arabia
Kuwait Reaffirms Support for Yemeni Government, Condemns Houthi Attacks on Mecca and Medina
Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
Amb. Nagy Briefs Senior Hungarian Official on Developments in Yemen
President al-Alimi Receives Written Message from Emir of Qatar
Latest News:
Bahrain Backs Efforts to Restore Yemeni State, Condemns Houthi Attacks on Saudi Arabia
Kuwait Reaffirms Support for Yemeni Government, Condemns Houthi Attacks on Mecca and Medina
Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
Amb. Nagy Briefs Senior Hungarian Official on Developments in Yemen
President al-Alimi Receives Written Message from Emir of Qatar
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.
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.
Key words:
governorates - shortcomings - eligibility - regulations - stipulating - performance - feasibility - regulation - submission - efficiency -
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