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Last Update: ،
2026/10/12
Time
05:59:31
Latest News:
Vice Foreign Minister Reports to UN High Commissioner on Humanitarian Crisis in Yemen
Yemen's Ambassador Discusses with Chinese Official Developments in Yemen
Civil Service Ministry Announces Wednesday Holiday to Mark 63rd Anniversary of October 14 Revolution
Yemen Calls for Firm International Action Against Houthis
Coalition Says Cruise Missile Intercepted Near King Khalid International Airport
Latest News:
Vice Foreign Minister Reports to UN High Commissioner on Humanitarian Crisis in Yemen
Yemen's Ambassador Discusses with Chinese Official Developments in Yemen
Civil Service Ministry Announces Wednesday Holiday to Mark 63rd Anniversary of October 14 Revolution
Yemen Calls for Firm International Action Against Houthis
Coalition Says Cruise Missile Intercepted Near King Khalid International Airport
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.
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.
Key words:
governorates - shortcomings - eligibility - regulations - stipulating - performance - feasibility - regulation - submission - efficiency -
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