ID :
24352
Tue, 10/14/2008 - 15:05
Auther :
Shortlink :
http://m.oananews.org//node/24352
The shortlink copeid
CBY pumps $50 mln into exchange market
SANA'A, Oct. 13 (Saba) - Central Bank of Yemen pumped on Monday $ 50.7 million to feed local exchange market with its needs of foreign currencies.
An official source at the CBY told Saba that the bank would continue to monitor the
exchange market and taken the necessary procedures to realize the stability.
It is worth mentioning that this is the third time in a week and eleventh time in
2008 when the CBY intervened to reinforce the national currency. The bank has pumped
in the local market during 2008 about $ 1.138 billion.
An official source at the CBY told Saba that the bank would continue to monitor the
exchange market and taken the necessary procedures to realize the stability.
It is worth mentioning that this is the third time in a week and eleventh time in
2008 when the CBY intervened to reinforce the national currency. The bank has pumped
in the local market during 2008 about $ 1.138 billion.
