Central Bank in Aden Suspends Licenses of 10 Exchange Companies and Closes Their Headquarters
On Sunday, the Governor of the Central Bank of Yemen in Aden, Ahmed Ghaleb, issued a decision to suspend the licenses granted to 10 exchange companies, establishments, and a remittance agent, and to close their headquarters, following violations detected by the Banking Supervision Sector.
The Central Bank clarified in Decision No. (21) for the year 2026 that the measure was based on violations confirmed in the field inspection report submitted by the Banking Supervision Sector.
The decision included the companies: Mohsen Al-Khidr for Exchange and Transfers, Al-Awadhi for Exchange and Transfers, Abdulrahman Zubain for Exchange and Transfers, Bin Aqeel for Exchange and Transfers, Pure Money for Exchange and Transfers, Bin Amin Ghanam for Exchange and Transfers, and Sinan for Exchange and Transfers.
It also included the Al-Wahib and Al-Harazi exchange establishments, and Adel Al-Ashwal in his capacity as a remittance agent.
Source: Saba Net
