CBY works on electronic system to follow letters of credits

Al-Eryani welcomes UN decision to evacuate its foreign employees from Sanaa, calls for protection of local employees

Minister of Information, Culture and Tourism Muammar al-Eryani has welcomed the United Nations' move to evacuate all its foreign international employees from the kidnapped capital, Sanaa, and areas controlled by the terrorist Houthi militia supported by the Iranian regime.

BTA Presents English edition of Anniversary Book, honours former directors general Panayot Denev, Ivo Indzhev

The Bulgarian News Agency (BTA) presented on Wednesday the English-language edition of 125 Years Bulgarian News Agency. The Real News: Stories On File 1989–2023 at its National Press Club in Sofia.

Turkish Central Bank lowers interest rate to 39.5 percent

The Central Bank of Turkey lowered today, Thursday, the interest rate by 100 basis points from 40.5 percent to 39.5 percent on one-week repo operations.

Morocco wins Under-20 Youth World Cup title

The Moroccan national team won the FIFA U-20 World Cup title after defeating Argentina 2-0 in the final of the tournament hosted by Chile.

Last Update: ، 2025/10/24 Time 04:09:48
Latest News:

Dr. Abdullah al-Alimi meets with Korean Ambassador to Yemen

Ambassador al-Arada discusses with Mauritanian Defence Minister strengthening bilateral cooperation

Chargé d'Affaires Ba'akr Discusses Economic Cooperation with Syrian Minister

Ambassador Al-Sunaini Discusses Enhanced Cooperation with Japanese Official

Leadership Council Member Meets French Ambassador

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.