Yemeni Bank discusses resuming transactions with int'l banks

2022-08-16 | Since 2 Month

Aden (Debriefer) The Central Bank of Yemen (CBY) governor, Ahmed Ghalib, on Sunday met with directors of local banks to brief them on results of contacts with regional and international banks in order to resume transactions.
The meeting discussed efforts to resume Yemeni banks' dealings with foreign banks in order to smoothen flow of trade and payments between Yemen and commercial partners, which requires boosted commitment to rules of combating money laundry and terrorism funding, the CBY said in a statement.
The CBY's sector monitoring banks and its unit for information collection work to insure local banks and exchangers are in consistence with these criteria, the statement said, in order to "serve the public interest and facilitate transactions with foreign corresponding banks."
The meeting also discussed dimensions to improve economic and fiscal conditions, and to find solutions for obstructions facing local banks, in cooperation with the banks and with support from the government and donors.
Aden-based commercial and Islamic banks reiterated willingness to exert every effort to provide information and back CBY measures in service of stability and public interests, according to the statement.
All the foreign banks had stopped banking transactions with Yemen's local banks following the war.

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