CBY launches campaign against money speculators

Coast Guard seizes two boats suspected of human trafficking

The Coast Guard Authority has successfully seized two traditional boats that were loaded with large quantities of fuel stored in plastic containers, in clear violation of maritime laws and regulations.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/11 Time 10:10:33
Latest News:

Minister of Electricity discusses with Advisor to UN Envoy electricity problems

President al-Alimi: Houthi militia’s hostile approach makes regaining state institutions priority

Prime Minister discusses strengthening bilateral relations with Dutch Ambassador

Minister of Transport discusses with Advisor of UN Envoy transportation businesses

Musawah Organization: Houthi Militias Kidnap 9 Civilians in Dhamar in 24 Hours

CBY launches campaign against money speculators

[09/06/2020 07:30]

ADEN - SABA
The Central Bank of Yemen or CBY launched Tuesday - in cooperation with Prosecution in the Transitional Capital of Aden- wide campaign against speculators and corrupt money exchangers who are behind deterioration of the price of the local currency, Yemeni Rial.

According to a release issued by the CBY, field visits were made to exchange companies and exchange shops for inspecting abiding by laws and regulations issued by the bank for stopping the fall down of the Rial.

The first day of the campaign unearthed that a number of establishments and exchange companies were found violators and necessary punishments-including closure of some- were taken against them, the release went on.

The release added that the bank will continue its campaigns to cover all provinces and will take firm legal measures against violators like withdrawing of their licenses and bringing them to justice.