CBY works on electronic system to follow letters of credits

European Union Reaffirms Support for Yemen's Unity, Sovereignty

The European Union Delegation to the Republic of Yemen has reaffirmed the EU's commitment to Yemen's unity, sovereignty, and territorial integrity, stressing its full support for the internationally recognized government.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/16 Time 10:41:37
Latest News:

President al-Alimi Offers Condolences to Emir of Qatar on Death of Father Emir Sheikh Hamad bin Khalifa ..

Dr. Abdullah al-Alimi, UK Armed Forces Minister Discuss Defense Cooperation

Interior Ministry Takes Part in Arab Conference of Security Media Chiefs

Ambassador Al-Awd Discusses Iranian Violations of Yemen's Sovereignty With Spanish Official

Yemenia to Resume Jeddah-Socotra Flights From Late September

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.