Marib central bank permits new money exchangers, closes others

Yemen Participates in 12th Arab Constitutional Courts Union Meeting in Rabat

Yemen participated in the 12th meeting of the Arab Union of Constitutional Courts in Rabat, Morocco, led by Chief Justice Dr. Ali Al-Awash.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Paris Saint-Germain Claims Top Spot in Ligue 1 After Thrilling Win Over Lyon

Paris Saint-Germain (PSG) secured a hard-fought 3-2 victory over Lyon on Sunday in the twelfth round of the French Ligue 1, taking sole leadership of the league standings.

Last Update: ، 2025/11/14 Time 10:00:21
Latest News:

Ambassador Al-Manhali Meets UAE Deputy Minister of Defense.

Minister of Water Discusses Support for Adaptation Projects in Yemen with Green Climate Fund

Prime Minister Witnesses Signing Memorandum of Understanding to Implement Power Projects in Yemen

Taiz Governor Discusses Development Interventions with Regional Director of Japan’s “ACCEPT” Organization

Prime Minister Affirms Commitment to Expanding Cooperation with France

Marib central bank permits new money exchangers, closes others

[15/08/2018 06:54]

MARIB-SABA
The branch of the central bank in Marib has permitted 33 new money exchangers to enter the business and ordered 32 violators of the rules to be shut down. The manager of the bank's branch Jamal al-Kamel said on Wednesday the bank had approved 33 exchangers to operate within the geographical range of Marib province.

He said the bank would continue to receive applications for permits for a month and if the applications exceed the maximum permits allowed, the bank would select the most qualified.

Earlier the bank had closed 32 exchangers in the provincial capital and outskirts of Marib and referred the owners of these businesses to court. The dealers were accused of practicing the business without permits and speculating with the national currency, Riyal, which contributed to its recent devaluation against other currencies.