CBY launches campaign against money speculators

Al-Bakri seeks British support for youths programs

The Minister of Youths and Sports Nayef al-Bakri conferred today, Thursday, with the British Ambassador to the Republic of Yemen Abda Sharif over bilateral relations and cooperation.

Israeli aggression on Gaza leaves 51,065 people martyred and 116,505 others wounded

The Israeli occupation's aggression on the Gaza Strip since October 7, 2023, has so far left 51,065 Gazan martyrs and 116,505 others wounded.

Gold near highest record amid continued escalation of trade tensions

Gold prices continued to trade near an all-time high during trading, on Thursday, amid the continued escalation of global trade tensions, and ahead of the European Central Bank's decision on interest rates.

Napoli beats Empoli 3-0 to consolidate second place in Serie

Napoli defeated Empoli 3-0 in their Italian Serie A match, consolidating their second place in the standings.

Last Update: ، 2025/04/19 Time 08:36:48
Latest News:

US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia

Marib Governor's Deputy Meets with WFP Deputy Representative over Food Crisis Response

PM Emphasizes Role of Expatriates in Homeland Development

PM receives Resident Representatives of UNDP in Yemen

Vice Foreign Minister Discusses Developments in Hodeidah Governorate with Deputy Head of UNMHA

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.