Aden Central Bank halts 3 exchange licenses
The Central Bank of Yemen in Aden has suspended the licenses of three currency exchange establishments: Al-Tayyar, Al-Mutahhidoon, and Al-Alimi. This action was taken due to violations of legal regulations, according to oversight reports, with the aim of regulating the foreign exchange market and confronting the ongoing decline in the value of the local currency. This measure is part of a series of steps taken by the bank to control the financial sector and reflects increased scrutiny following the currency's depreciation, although the affected establishments have not issued any official statements regarding the decision.
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