Yemen News Agency ( SABA)
          Search
CBY injects market by $ 38 million

CBY injects market by $ 38 million

[22/July/2007]

SANA'A, July 22 (Saba)- An official source said on Sunday that the
Central Bank of Yemen (CBY) injected the market by $ 38 million to
fill the liquidity shortage with foreign currency needed.

The source said that CBY would continue monitoring market and taking
necessary measures to make financial stability and keep local
currency balanced with foreign currencies.

The source pointed that reserves of CBY with foreign currencies
amounted at US $ 7 billion, affirming that the inflation reached to
less than five percent.

YA/AF

Saba

  more of (Local)