ID :
23862
Sat, 10/11/2008 - 09:57
Auther :
Shortlink :
http://m.oananews.org//node/23862
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Int'l financial crisis impact on Yemen limited
SANA'A, Oct. 09 (Saba) - Deputy Finance minister Abdullah al-Mukhlafi affirmed on Thursday that Yemen has not much effected by the international global financial crisis that hit Europe and America.
In a statement to the 26 September website, al-Mukhlafi made it clear that the
limited U.S. investments in Yemen and lack of a stock market would make the negative
consequences on Yemen are very limited.
Dropping the oil prices in the global market and depreciation of the dollar
internationally might impact the Yemeni economy with little damage as Yemen depends
basically on oil exports (90 to 95%).
Al-Mukhlafi called upon the concerned authorities in the Finance Ministry and the
Central Bank of Yemen (CBY) to conduct studies to know potential consequences of the
international financial crisis on the Yemeni economy in the coming period.
In a statement to the 26 September website, al-Mukhlafi made it clear that the
limited U.S. investments in Yemen and lack of a stock market would make the negative
consequences on Yemen are very limited.
Dropping the oil prices in the global market and depreciation of the dollar
internationally might impact the Yemeni economy with little damage as Yemen depends
basically on oil exports (90 to 95%).
Al-Mukhlafi called upon the concerned authorities in the Finance Ministry and the
Central Bank of Yemen (CBY) to conduct studies to know potential consequences of the
international financial crisis on the Yemeni economy in the coming period.
