CBY works on electronic system to follow letters of credits

Aden Governor Discuss Health Sector Support with ICRC Delegation

State Minister, the Governor of Aden, Abdulrahman Sheikh met Wednesday with Amira Kdeir, the Head of the International Committee of the Red Cross (ICRC) Mission and the Committee’s Political Adviser Baha Hassan.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Gold Rises Over 1 Percent

Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.

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: ، 2026/09/24 Time 12:07:28
Latest News:

Minister Faqmi Meets UN Representatives on Humanitarian Response for Displaced People

Prime Minister Meets EU, Dutch Ambassadors in Aden

Al-Alimi, UNICEF Deputy Executive Director Discuss Child Protection and Humanitarian Response in Yemen

Ministry of Foreign Affairs Welcomes International Statements Supporting Leadership Council, Freedom ..

Minister of Planning Highlights 2027–2029 Development, Reconstruction Plan

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.