CBY launches campaign against money speculators

EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates

The European Union mission in Yemen announced the conclusion of the final phase of the joint program to enhance resilience in rural areas of Yemen, which has benefited more than 2.3 million people in eight governorates.

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.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

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: ، 2025/07/11 Time 09:41:58
Latest News:

Central Bank discusses establishing fast payment company

Foreign Minister Meets with Outgoing Mexican Ambassador

Minister Al-Zawri Discusses Capacity Building and Social Protection with UNHCR Representative

Ministry of Agriculture Signs MoU with Q Sun Foundation to Enhance Media Capacity

Government calls on countries, organizations to address environment disaster over "Magic Seas" sink

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.