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Last Update: ،
2026/06/18
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03:50:04
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Latest News:
Cabinet Reviews Service Reforms, Economic Challenges and Regional Developments
Masam Destroys Nearly 6,000 Landmines and Explosive Remnants in Bab al-Mandab
Khanbashi Calls for Expanded UNOPS Partnership to Advance Hadramout Development Priorities
Yemen's Ambassador Discusses with Speaker of Jordanian Parliament ways to e Enhance Cooperation in ..
Saudi Program Highlights Development Projects in Yemen at 2026 Annual Meetings of Islamic Development ..
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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