CBY works on electronic system to follow letters of credits

Minister of Planning Participates in Fourth Yemen-EU Partnership Days in Amman

Minister of Planning and International Cooperation Mohammed al-Faqmi took part today, Monday, in the opening of the fourth Yemen-European Union Partnership Days, held in the Jordanian capital, Amman.

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: ، 2026/09/29 Time 02:43:41
Latest News:

President al-Alimi Praises Efficiency of Armed Forces, Urges Executing Safe Return, General Mobilization ..

State Minister Discusses Humanitarian Response, Emergency Displacement in Aden with OCHA

Parliament Approves General Mobilization to Counter Houthi Escalation

September Revolution Laid Foundations for an Open Foreign Policy

September 26 Opened Path to Republic, Equal Citizenship, Consultation Council Official Says

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.