CBY works on electronic system to follow letters of credits

Foreign Minister And Her Djiboutian Counterpart Discuss Joint Cooperation

The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba and the Djiboutian Minister of Foreign Affairs and International Cooperation Abdel Qader Omer discussed today, Thursday, on phone aspects of bilateral relations and cooperation.

10 Palestinians Killed in Gaza as Israeli Forces Arrest Palestinian Minister

Ten Palestinians, including nine Palestinian police officers and personnel, were killed and others injured in Israeli airstrikes and shelling targeting northern and central Gaza Strip on Wednesday.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

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: ، 2026/08/21 Time 04:55:13
Latest News:

Foreign Minister Discusses Cooperation, Coordinating Positions with Mauritanian Counterpart

Yemen Moves to Establish National Maritime Security Committee

Deputy Foreign Minister Receives Credentials of Nigeria Ambassador

Prime Minister Celebrates Reissue Official Gazette of Republic of Yemen in Aden

Al-Khanbashi Praises Activities of "Action for Humanity" Organization

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.