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Last Update: ،
2026/04/02
Time
06:43:04
Latest News:
Minister of Water discusses with WB, UNPOS joint cooperation
Amb. Nasher meets with students in Cuba
Prime Minister: Health services need to be improved
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Prime Minister affirms support for independence of Central Bank
Latest News:
Minister of Water discusses with WB, UNPOS joint cooperation
Amb. Nasher meets with students in Cuba
Prime Minister: Health services need to be improved
President al-Alimi praises deep-rooted relations with Kuwait
Prime Minister affirms support for independence of Central Bank
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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