CBY works on electronic system to follow letters of credits

Talks in Jakarta Focus on Reviving Yemen-Indonesia Joint Cooperation Mechanisms

Yemeni Ambassador to Indonesia, Salem Balfaqih, met Tuesday with Indonesian Deputy Foreign Minister Armanatha Nasir to discuss avenues for advancing relations between the two countries and strengthening existing cooperation frameworks.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/12 Time 01:36:11
Latest News:

Yemen Takes Part in Global South Media and Think Tank Forum at China-Arab Partnership Conference

Al-Sharjabi Discusses Joint Cooperation with Ambassadors of EU, France

Prime Minister Receives in Aden Ambassadors of EU, France

Public Works Minister Discusses Stoped Projects with Taiz Governor

Aden Governor Reviews Operations of Immigration and Passport Authority

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.