Yemen Monitor / Newsroom /Aden:
The Central Bank of Yemen, based in the interim capital Aden, announced on Wednesday the suspension of licenses and closure of three branches belonging to exchange companies as part of its ongoing regulatory actions against financial violations.
The decision targeted two branches of Al-Buraq Exchange—one in Al-Bireen, Taiz governorate, and another in Crater, Aden—along with a branch of Hawam Exchange located in Al-Dhalea governorate.
With this latest move, the total number of companies, institutions, and branches whose licenses have been revoked since July 23 has risen to 73.
The Central Bank stressed that these measures are part of broader efforts to combat financial irregularities, particularly against companies failing to comply with its directives aimed at stabilizing the Yemeni riyal against foreign currencies. The bank added that such enforcement is vital to protecting the national economy and ensuring monetary stability.
