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Last Update: ،
2026/09/03
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12:59:50
Latest News:
Planning Minister Discusses Strengthening Bilateral Cooperation with U.S. Embassy Chargé d’Affaires
Tareq Saleh Discusses Latest Developments in Yemen, Region with French Ambassador
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Latest News:
Planning Minister Discusses Strengthening Bilateral Cooperation with U.S. Embassy Chargé d’Affaires
Tareq Saleh Discusses Latest Developments in Yemen, Region with French Ambassador
Minister Noman Witnesses Saudi-Yemeni Education Cooperation Agreement
Yemen Joins Arab Economic Council Preparatory Meeting
Minister Al-Sharjabi Stresses Importance of Proactive Action to Reduce Disaster Risks in Yemen
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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