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Last Update: ،
2026/02/02
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07:18:30
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
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
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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