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Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks
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Oil price tops $100 a barrel
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Paris Saint-Germain Crowned UEFA Champions League Winners
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Last Update: ،
2026/06/12
Time
09:38:12
Latest News:
Al-Mahrami Meets EU Ambassadors, Calls for Designating Houthi Militias Terrorist Organization
Prime Minister Reviews Support for Government Reforms, Expansion of Development Partnership with the ..
Yemen reiterates its absolute rejection of using its territory as a platform to threaten international ..
Parliament Speaker Discusses General Situation on the National Scene With Prime Minister
Prime Minister Receives Spanish Secretary of State for Foreign, Global Affairs
Latest News:
Al-Mahrami Meets EU Ambassadors, Calls for Designating Houthi Militias Terrorist Organization
Prime Minister Reviews Support for Government Reforms, Expansion of Development Partnership with the ..
Yemen reiterates its absolute rejection of using its territory as a platform to threaten international ..
Parliament Speaker Discusses General Situation on the National Scene With Prime Minister
Prime Minister Receives Spanish Secretary of State for Foreign, Global Affairs
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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