CBY pumps $100 mln into exchange market

SANA'A, March 01(Saba) - The Central Bank of
Yemen (CBY) pumped on Monday $100 million into the exchange market to cover the
market
needs , bringing the total amount the bank has pumped since the beginning of 2010 to
$ 595 million.
Director General of Public Relations at the CBY Yahya al-Kustaban confirmed that
the bank will continue to monitor the exchange market and provide it with its needs
of the
foreign currency.
He pointed to the bank's recent decision to increase two points on the rate of
interest for Riyal to amount to a 12 percent, which makes the Riyal deposit more
beneficial
for the depositors.
The Dollar's returns in the Yemeni market have become zero, al-Kustaban noted.
BA