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Yemeni-Saudi banking cooperation discussed

[18/02/2018 02:40]

RIYADH-SABA

Governor of the Central Bank of Yemen (CBY) Dr Mohammed Zemam met Sunday in Riyadh with the governor of the Saudi Arab Monetary Foundation.

The meeting aimed to discuss aspects of cooperation between the CBY and the Saudi side. Technical support, training on internal and external banking transactions and capacity building were key focus of Zemam's discussions with the Saudi officials.

Topics relating to methods of controlling money laundry, terrorism funding and methods of detecting fake banknotes were also touched upon.

The meeting also addressed the topics related to the second Saudi deposit in the CBY totaling $2 billion.

Dr Zemam expressed thanks to the Saudi support presented by the Saudi Monetary Foundation since the banking transactions were transferred from Sana'a to Aden