CBY OFFERS $100 MLN TO MEET EXCHANGE MARKET NEEDS

SANA'A, Feb. 16 (Saba) - Central Bank of Yemen (CBY) announced on Tuesday $ 100 million for sale to meet the needs of commercial banks and exchange market from the foreign currency.

After receiving requests from banks and money exchange companies, the CBY covered all requests with a total amount of $43 million, the CBY's director general of public relations Yahya al-Kustaban said.

He said the amount brought the total amount sold be the bank since the beginning of 2010 to $495 million.

The bank will continue to observe closely the needs of the exchange markets from the foreign currencies and will cover any needs continually, al-Kustaban added.

TD/AF