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2026/01/07
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Latest News:
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Latest News:
Yemenia Airways operates first flight to transport stranded tourists from Socotra to Jeddah
Presidential Leadership Council's decree to revoke al-Zubaidi's membership from the Council for committing ..
Presidential Leadership Council holds an emergency meeting to discuss security developments, approves ..
Britain Welcomes President’s Call to Hold Conference for Southern Components, Renews Support for ..
United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh
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.
Key words:
establishments - deterioration - According - Transitional - Prosecution - withdrawing - punishments - regulations - speculators - cooperation -
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