Today, the President of the Central Bank of Yemen in Aden carried out an intensive field inspection campaign targeting companies and exchange facilities, to control violations and irregularities, and this was accompanied by a slight improvement in the rate of the national currency against foreign currencies.
The Central Bank of Aden said in a statement published on its website that it carried out today an intensive field inspection campaign targeting companies and exchange facilities, to control the violations and irregularities that some exploit in these exceptional circumstances represented in the recovery of the value of the national currency.
The bank indicated that this campaign comes as an extension of the periodic field campaigns carried out by the banking supervision sector in the Central Bank of Yemen.
He added that this campaign comes within the framework of the process of monitoring and supervising the exchange market to verify compliance with the controls and instructions governing the sale and purchase of foreign currencies, inward and outward transfers, exposures of agents' accounts, and other regulatory instructions.
The Central Bank warned exchange companies and facilities against exploiting the current situation with the aim of manipulating and speculating on the currency exchange rate, and stressed that strict measures be taken against those who violate the guidelines, system and controls of the Central Bank.
Yesterday, the Central Bank announced that the bank will continue to receive supplies from merchants benefiting from the Saudi deposit of batch No. (39) through commercial and Islamic banks since the announcement of the arrival of approval for withdrawals from them.
He stressed that a list of the names of the beneficiary merchants will be sent to the Ministry of Trade and Industry after completing the banking procedures, according to what was announced by the Central Bank in this regard.
In the context, the currency rate witnessed a slight improvement today, after it had retreated yesterday after the great improvement after the announcement of the new government Friday before last.
According to money changers, the price of the currency today reached 678 riyals against one dollar, selling and 670 buying, after it had declined yesterday to 694 sales and 665 purchases, days after its great improvement, during which it rose from 920 to 950.