ID :
24050
Sun, 10/12/2008 - 21:01
Auther :
Shortlink :
http://m.oananews.org//node/24050
The shortlink copeid
CBY feeds exchange market with $45 mln
SANA'A, Oct. 11 (Saba) - Central Bank of Yemen (CBY) pumped on Saturday US $45
million to feed local exchange market with its needs of foreign currencies.
An official source at the CBY accentuated that the bank would continue to monitor
the exchange market and to reinforce the national currency.
It is worth mentioning that this is the second time the CBY pumped to the exchange
market as it pumped last Monday US $163 million to the local exchange market.
It is also the ninth time the CBY intervened to support exchange rate of the Yemeni
riyal against dollar in 2008 through selling dollars in the market. The bank has
pumped US$ 1.088 billion so far.
million to feed local exchange market with its needs of foreign currencies.
An official source at the CBY accentuated that the bank would continue to monitor
the exchange market and to reinforce the national currency.
It is worth mentioning that this is the second time the CBY pumped to the exchange
market as it pumped last Monday US $163 million to the local exchange market.
It is also the ninth time the CBY intervened to support exchange rate of the Yemeni
riyal against dollar in 2008 through selling dollars in the market. The bank has
pumped US$ 1.088 billion so far.
