NYN | News
The Central Bank of Yemen in Aden has continued its crackdown on non-compliant money exchange companies, issuing a new decision on Monday evening to suspend the licenses of ten additional firms and shut down their offices—bringing the total number of companies affected in less than a week to 28.
According to Decision No. (9) of 2025, issued by Central Bank Governor Ahmed Ghaleb Al-Maabqi, the action is based on field inspection reports submitted by the Banking Supervision Sector, which documented serious violations committed by the companies listed.
The newly sanctioned companies include:
– Saleh Al-Arouwi Exchange
– Al-Hubaishi Exchange
– Abu Qusay Exchange
– Al-Shughadri Exchange
– Waheeb Al-Kuraimi Exchange
– Al-Sharaabi Exchange (Taiz)
– Al-Harazi Exchange
– Al-Shaqeeri Exchange
– Khalifa Saeed Exchange
– Al-Akhdar Cash Exchange
This decision follows a series of similar measures, including Decision No. (7) and Decision No. (8), issued in recent days, under which the Central Bank revoked the licenses of 18 other companies for similar reasons.
Observers believe that while this campaign may represent an effort to reduce chaos in the financial market, it also raises questions about the timing of the actions and the transparency of the selection criteria.
