March 19, 2010

CBY FEEDS EXCHANGE MARKET WITH $136 MLN

SANA'A, March 19 (Saba) - The Central Bank of Yemen (CBY) has fed the exchange market with $136 million to cover the market needs, an official source in the CBY has said. The sum brought the total amount the bank has pumped since the beginning of 2010 to $731 million. The source confirmed that the bank will raise next week the interest rates for Yemeni Riyal deposits in an attempt to encounter the incessant decline of the national currency against the foreign ones. The bank has ...

< Prev   |  Next >   

I M P O R T A N T !

In accordance with the OANA Statute the news items ("Information") received by the OANA Secretariat from the OANA Members are placed on to this website without any editing.
Each OANA Member represents and warrants to the OANA Secretariat that it owns all right, title and interest in and to the Information and the copyright thereto, and that to the best of its knowledge and understanding that: (i) the Information is accurate, complete, timely and reliable, (ii) the use of the Information does not and will not infringe any third party rights, and (iii) dissemination of the Information will not contravene any laws (including, but not limited to the law of defamation) or regulations in any country in which the Information is available through the OANA website.
The OANA Secretariat shall not be liable to the OANA Members or to any third party for any direct, indirect, special or consequential loss or damage arising out of the Information.