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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.


Defense Minister meets UNMHA head in Aden
Al-Bahsani lays emphasis on promoting international cooperation to combat terrorism
Taiz governor, UNICEF representative discuss furthering development interventions
Eryani: Iranian arms smuggled to Houthis now threaten international peace
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Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
President al-Alimi directs doubling precautionary measures to follow up low-pressure impacts in eastern provinces
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