CBY launches campaign against money speculators

Minister al-Soqatri: Transitioning Toward Sustainable Development, Strategic Choice for Developing Fisheries Sector

The Minister of Agriculture, Irrigation, and Fisheries Salem al-Soqatri has emphasized the importance of transitioning toward sustainable development in the fisheries sector, considering it a key pillar for enhancing food security and supporting the national economy.

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.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/06 Time 08:27:33
Latest News:

Social Affairs Minister Discusses Disability Support Programs with Handicap International

Taiz Governor, UNICEF Launch Water Rehabilitation Project

Social Affairs Minister, Dutch Ambassador Discuss Boosting Humanitarian and Development Cooperation

Minister of Electricity Meets with Dutch Ambassador

Vice Minister of Culture Searches for Swiss Assistance to Protect Antiquities

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.