CBY works on electronic system to follow letters of credits

Arab Parliament reiterates its support for Yemen's unity, sovereignty, territorial integrity

The Arab Parliament reiterated its steadfast stance in supporting the unity of the Republic of Yemen, its sovereignty and the integrity of its territory, maintaining the state institutions, and supporting the Yemeni government led by the Presidential Leadership Council (PLC).

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Japan's LNG imports down 1.4 percent

Japan's liquefied natural gas (LNG) imports fell 1.4 percent to 64.98 million tons last year 2025, compared to 2024. according to provisional data released by the Japanese Ministry of Finance today, Thursday.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/01/24 Time 11:41:44
Latest News:

First Batch of Petroleum Derivatives Grant to Socotra Governorate Arrived

Ministry of Electricity: Emirati Company Suddenly Shut Down Solar Power Plants in Aden, Shabwa

Yemen’s Ambassador Discusses Issues of Mutual Interest with Cuba’s Deputy Minister of Foreign Affairs

Deputy Chief of Staff Discusses ICRC's Medical, Humanitarian Interventions in Yemen

China reaffirms its commitment to supporting peace efforts 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.