DEBATE ON BANKS  WORKING SYSTEM OVER [Archives:1999/45/Front Page]

archive
November 8 1999

SANAA: At last after a long standing debate over whether to have the banks in Yemen implement the new 5 working days system or not, the final decision came out and all banks agreed on it; It was decided give freedom to every bank to decide to work on Thursdays or not in the way that is suitable for it. According to this, some banks have the option of having the department that deals with international money transfers, etc. open on Thursdays, while the other departments will have an off-day on Thursday. 
Banks were the only establishments that would have been a effected by the he new 5 working days system. “If we agree on letting our work stop on Thursdays, that would mean we will be having a 4 day lag behind the banks in the rest of the world. The reason is simple. Almost all international banks are off on Saturday and Sunday every week, so if we have Thursday and Friday off, we will have a 4 day gap between our banks and the rest of the world” said a bank manager. 

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