CBY launches campaign against money speculators

Parliament Speaker Discusses General Situation on the National Scene With Prime Minister

The Speaker of the House of Representatives, Sheikh Sultan al-Barakani discussed Wednesday with Prime Minister and Minister of Foreign Affairs Dr. Shaya Zindani the overall situation on the national scene, including political, economic, service-related and social issues.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/10 Time 08:25:42
Latest News:

Prime Minister Receives Spanish Secretary of State for Foreign, Global Affairs

Vice Minister of Foreign Affairs Discusses Strengthening Bilateral Relations with German Minister of ..

President al-Alimi: No Lasting Peace Without Disarming Militias

Yemen Reaffirms Commitment to Rights of Persons with Disabilities

PLC Member al-Khanbashi Reviews Industrial and Transport Development, Reaffirms Support for School Textbook ..

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.