CBY works on electronic system to follow letters of credits

Yemen Ambassador Meets French-Yemeni Friendship Group

Yemen’s Ambassador to France Dr. Riyad Yasin met Friday with Yaël Menaché, the Chairman of the French-Yemeni Friendship Group in the French National Assembly and MP Jocelyn Dessigny.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/02 Time 07:36:34
Latest News:

Child Injured by Houthi Sniper Fire North of Taiz

Yemen Warns of Iranian Support for Armed Militias and Threats to Regional Security

Ambassador Ahmed Naji Discusses Ways to Support Yemen in Addressing the Humanitarian Crisis with a Hungarian ..

Foreign Minister Praises U.S. Support for Yemeni Government

Dr. al-Alimi Confers with British Ambassador over Bilateral Cooperation

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.