Search For:
Local
International
Economic
Sports
Last Update: ، 2020/06/03 Time 10:09:12
There is a need to reconsider priorities of international donations, says PM
Yemen's Prime Minister Maeen Abdulmalik pointed to the need to reconsider the priorities for spending the donations Yemen was promised in yesterday's pledging conference in Riyadh.
Secretary-General of the Arab League calls for assisting Yemenis
(Saba)- Secretary-General of the Arab League A hmed Aboul-Gheit on Monday appealed to the international community and humanitarian organizations to immediately provide assistance and relief to Yemenis.
Wall Street Closing
U.S. stocks closed higher Wednesday after the Federal Reserve (Fed) took a less aggressive stance than expected.
Yemen reaches 124th place in FIFA's monthly ranking
The national football team has moved up one place in FIFA's new monthly ranking reaching the 124th as published by the FIFA on Thursday.
Latest News:
Chinese anti-coronavirus aid arrives at Yemeni city
There is a need to reconsider priorities of international donations, says PM
PM, UN Secretary General discuss developments in Yemen
Information Ministry condemns the assassination of photographer al-Qoaeiti
Hajjar: IsDB Group will offer Yemen $100 mln developmental aid
User Name: Password:
  Local
CYB: Only banks can offer electronic payment services
[01/04/2020 12:20]

ADEN - SABA
The Central Bank of Yemen (CYB) in Aden said" The CYB is the only authorized body to issue monetary and gives licenses to offer electronic payment, and the decree issued recently by the branck of the CYB in Sana'a about authorizing certain financial institutions identified by Sana'a branch to offer electronic payment service via mobile is a decree issued by an authority isn't legally entitled to do so, thus there is no law about regulizing these financial institutions' action, nor there is legal framework allows institutions otherwise the banks to offer such services".

Thereby, establishing financial institutions outside the law to issue electronic currency without restrictions and coverage is considered to be legally annuled will cause distrust among the public and create inflationary pressures upon national economy.

In a statement the Yemeni News Agency (Saba) learned, the CYB called on the banks to offer electronic payment services given that they are the authorized financial institutions to do so in accordance with the laws and regulations in effects.

The CYB stated that the banks should get the licenses to provide electronic payment from the hadquarters of the CYB in the interim capital Aden.

The CYB warns everybod that any decrees or instructions are issued by the branch of the CBY in Sana'a should never be dealt with.



  More of Local
Chinese anti-coronavirus aid arrives at Yemeni city
There is a need to reconsider priorities of international donations, says PM
PM, UN Secretary General discuss developments in Yemen
Information Ministry condemns the assassination of photographer al-Qoaeiti
Hajjar: IsDB Group will offer Yemen $100 mln developmental aid
EU supplies Yemen with € 70 million
Al-Iryani: Saudi Arabia mobilizes for supporting Yemen, Iran sends weapons for killing Yemenis
Houthis kill a woman in Taiz
Donor conference collects USD 1.3 billion to Yemen
Al-Otheimin praises Yemen's donor conference
Beaking News
Donor conference collects USD 1.3 billion to Yemen

Yemen faces world's strongest hardship due to Houthi war, PM tells donors

Pledging conference for Yemen opens in Riyadh

VP praises Saudi leadership's role in holding Yemen donor conference 2020

KSrelief implements 474 projects totaling $3billion, 5mln

Yemen coronavirus committee confirms 11 new cases in Taiz

Govt calls on the UN to press for collective action to control coronavirus

PM, Mark Lowcock discuss preparations for Yemen donors conference 2020

Health Ministry receives 16 tons of medicines to counter coronavirus

Two Houthi-held hostages contract coronavirus, reports



National Conference