The Minister of Planning and International Cooperation Dr. Waed Badhieb participated Thursday in a round table meeting on the sidelines of the Governors' Council meetings of the Islamic Development Bank Group, held in the Algerian capital.
The Islamic Development Bank (IsDB) Group, signed several financing agreements with some member countries for a total value exceeding one billion dollars.
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.