CBY works on electronic system to follow letters of credits

Deputy Minister of Planning Discusses with WFP, UNICEF Enhancing Humanitarian, Nutritional Interventions

Deputy Minister of Planning and International Cooperation Dr. Nizar Basuhaib held talks Tuesday with the Deputy Country Director of the World Food Program (WFP) in Yemen Samantha Chatterjee on ways to expand the program's interventions to include nutrition projects and efforts to combat malnutrition.

International Media Forum IN Uzbekistan Starts Tomorrow With 300 Journalists From 50 Countries

The International Media Forum, titled "Islamic Civilization: A New Perspective – New Discoveries", will launch tomorrow, Tuesday, in the Uzbek capital of Tashkent and the city of Samarkand, with a participation of about 300 media representatives and experts from nearly 50 countries.

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: ، 2026/08/25 Time 05:58:29
Latest News:

Prime Minister: Yemen Will Not Remain an Open Arena for a Cross-Border Project

Terrorist Houthi Militias Continue To Fire projectiles On Civilians In Taiz

Leadership Council Endorses Further Integrated Deterrence Measures, Avows Preparedness Of Armed Forces ..

Saudi Arabia, France Affirm Support for Presidential Leadership Council, Protection of Maritime Freedom ..

UNDP Resident Representative Presents Credentials to Vice Foreign Minister

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.