CBY works on electronic system to follow letters of credits

National Investigation Committee Holds Group Hearing for Victims of Human Rights Violations in Socotra

The National Committee to Investigate Alleged Violations to Human Rights held on Tuesday a group hearing session for victims of human rights violations in Socotra Governorate.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Japan's LNG imports down 1.4 percent

Japan's liquefied natural gas (LNG) imports fell 1.4 percent to 64.98 million tons last year 2025, compared to 2024. according to provisional data released by the Japanese Ministry of Finance today, Thursday.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/01/28 Time 12:50:43
Latest News:

Minister al-Bakri Discusses Enhancing Joint Cooperation, Supporting Youth with U.S. Ambassador

Governor of Mahra discusses with U.S. Ambassador efforts to establish security, stability

Yemen's Water and Environment Minister Meets Dutch Ambassador

Vice Foreign Minister, South Africa Ambassador discuss joint cooperation

Aden Governor Meets UNICEF to Boost Cooperation on Child Welfare

CBY works on electronic system to follow letters of credits

[23/06/2019 01:53]

ADEN-SABA
Governor of the Central Bank of Yemen (CBY) Hafez Meayad said " The CBY currently was working on establishing an electronic system to directly follow the movement of the transactions of letters of credits by the commercial bank or the client".

Meayad statement came as he chaired periodic meeting included the CBY, commercial and Islamic banks. The session aimed to discuss banking action to activate trade through opening letters of credits to import basic commodities and invigorate monetary cycle.

Meayad stated that the CBY is interested in offering every necessary support for the banks to help them managing challenges they are facing.