Central bank approves new regulations money exchange business

Taiz Governor meets Political Party Leaders to discuss latest local developments

The Governor of Taiz Governorate Nabil Shamsan met Thursday with leaders of political parties and organizations to discuss developments in various military, security, and developmental fields in the governorate.

The victims toll of Israeli annihilation war on Gaza rises to 45,059 martyrs,107,041 injured

The mortalities toll of the Israeli occupation extermination warfare on the Gaza Strip since October 2023 has risen to 45,059 martyrs and 107,041 injured.

Russian gas exports to Europe rise 20 percent

Russian Deputy Prime Minister Alexander Novak announced that Russia's total pipeline and liquefied gas exports to Europe rose by 18-20 percent year-on-year during the January-November 2024 period to just over 50 billion cubic meters.

Gulf Cup Federation to hold general assembly meeting in Kuwait next Thursday

The Gulf Cup Football Confederation announced convening its regular general assembly meeting in the State of Kuwait next Thursday.

Last Update: ، 2024/12/26 Time 09:02:28
Latest News:

Council of Ministers approves gov't's economic plan for urgent priorities

Leadership Council Chairman meets heads of Cabinet and Supreme Judiciary Council

President al-Alimi appoints new judges in Supreme Court

Al-Aradah discusses humanitarian, developmental Updates with Kuwaiti Ambassador

FM meets UN Deputy Humanitarian Coordinator

Central bank approves new regulations money exchange business

[04/08/2021 12:33]

ADEN – SABA
The Central Bank of Yemen has approved new regulations money exchange business in all governorates of the Republic.

The Aden-based bank's new procedures will lead to addressing some of the shortcomings: improve the activity function of money exchange businesses, develop their performance, raise their efficiency and level of discipline, reduce the risks associated with the business, and contribute to achieving monetary and financial stability.

The regulation set strict conditions for new money exchange investors applying for licenses to enter the business, by stipulating that a number of general eligibility conditions be met including the submission of economic feasibility studies.