The Central Bank of Yemen has issued an official memorandum suspending the licenses of 10 exchange companies and establishments found to be in violation of banking regulations. 

The decision, signed by Governor Ahmed Ghaleb, follows a field inspection conducted by the Banking Supervision Sector, which uncovered multiple breaches related to financial transparency and compliance.

The suspended entities include:

Saleh Al-Aroui Exchange Company, Al-Hubaishi Establishment, Abu Qusay and Al-Shaghdari, Waheeb Al-Kurimi, Al-Sharabi, Al-Harazi, Al-Shaqiri, Khalifa Saeed, and Al-Akhdar Cash.

The Central Bank stated that the move aims to regulate the exchange market, curb illegal practices, and protect the national currency from further deterioration. This action comes amid broader efforts to enforce anti-money laundering standards and ensure financial stability in the country.

The bank has also warned that additional measures may be taken against other violators, as part of its ongoing campaign to restore confidence in Yemen’s financial institutions.