Marib authorities to shut down unlicensed money exchange businesses

Vice Foreign Minister discusses regional developments with Saudi Counterpart

Vice Foreign Minister and Expatriate Affairs Mustafa Noman has discussed with Saudi Counterpart Waleed al-Khuraiji enhancing bilateral relations between the two countries.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

China's fiscal expenditure increases 3.4 pect in H1

China's fiscal expenditure expanded 3.4 percent year-on-year, reaching nearly 14.13 trillion yuan (about 1.98 trillion US dollars) during the first half of 2025.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/28 Time 02:05:27
Latest News:

Yemen Participates in Ministerial Meeting of Contact Group on Somalia

Al-Mahrami Discusses with Minister of Endowments Promoting Moderation and Developing Hajj Services

Al-Mahrami and Minister Badhib Discuss Institutional Performance Development

Leadership Council Member Reviews Yemenia Airways' Situation

Water Minister discusses water sector capacity-building Projects in Yemen with World Bank delegation

Marib authorities to shut down unlicensed money exchange businesses

[04/08/2018 02:09]

MARIB-SABA
A committee chaired by the Deputy Governor of Marib province, Dr. Abd-Rabbu Miftah has approved a plan to shut down unlicensed money exchange business in line with a decision from the Central Bank of Yemen.

The plan, approved by a local government panel will refer exchangers operating without licenses to court.

"This decision of the Central Bank, albeit late, is important in order to preserve the value of the Yemeni currency and the Yemeni economy which are collapsing due to the unfair and illegal speculation with the national currency against foreign currencies," said Miftah.

The recent dramatic devaluation of the Yemeni riyal caused a mad rise in the prices of all basic commodities worsening the already severe humanitarian crisis in the country.