Central bank approves new regulations money exchange business

Baggash Seeks Vietnamese Academic Cooperation

The Undersecretary of the Ministry of Foreign Affairs and Expatriates for Politcal Affairs Dr. Mansour Baggash held discussions today, Friday, with the Vietnamese Deputy Minister of Education and Training Nguyen Van Phuc over bilateral cooperation in the field of the academic, education and training.

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.

Italian GDP rises 0.3 percent

The Bank of Italy (the central bank) announced that the country's GDP grew by 0.3 percent in the first quarter of 2025 compared to the previous quarter, driven by an increase in consumption and investment, in addition to limited American demand.

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: ، 2025/07/18 Time 10:42:44
Latest News:

Leadership Council Member AL-Zubaidi Urges Government to Accelerate Performance

Yemen's Ambassadors to Czech Republic, Indonesia swear-in before President al-Alimi

Yemen and Vietnam Sign Memorandum of Understanding to Enhance Bilateral Cooperation

Judge Sahl Hamza swears-in before President al-Alimi

Cabinet Discusses Economic and Financial Developments, and Efforts to Foil Houthi Plots

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.