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2026/08/08
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06:34:05
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Latest News:
Ministry of Health: Two Killed,14 Injured in Preliminary Toll of Houthi Shelling on Residential Neighborhoods, ..
Arab League Condemns Houthi Attacks on Armed Forces Positions
Marib Deputy Governor Lays Foundation Stone for Three Korean Funded Water Projects
CYB Signs MoU with UNDP
Minister of Social Affairs Discusses with WFP Joint Coordination
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.
Key words:
SABA Governor - transactions - establishing - commodities - invigorate - interested - commercial - Meayad - challenges - electronic -
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