Yemen Monitor/Newsroom:
The Governor of the Central Bank of Yemen, Ahmed Ghaleb, issued two decisions to suspend and revoke the licenses of several non-compliant exchange companies and institutions in the temporary capital, Aden, and to close their premises. This was based on field supervisory reports submitted by the competent authorities.
The first decision mandated the suspension of licenses for Al-Bal’asi Exchange Company, Al-Khader Exchange Company, and Suhail Exchange Establishment, along with the closure of their premises effective from the date of the decision’s issuance. The second decision stipulated the revocation of the license for the branch of Al-Shamil Exchange Company in the Mansoura district.
The Bank clarified that the decisions were made based on the legal authorities granted to the Central Bank Governor, in accordance with the laws regulating exchange operations, anti-money laundering, and counter-terrorism financing, and in the interest of the public good.
These measures fall within a wide-ranging supervisory campaign launched by the Central Bank since July 2025 to regulate the exchange market and enhance financial stability. The number of exchange companies and institutions whose licenses have been suspended or revoked reached approximately 79 by the end of December 2025.
