YEMEN INJECTS $216 MLN INTO EXCHANGE MARKET

SANA'A, Nov.03 (Saba) - The Central Bank of Yemen (CBY) pumped on
Tuesday $216 million into the local exchange market to support
Yemeni Rial against the foreign currencies.

The last intervention by CBY was on October 6 through injecting $132
million into the exchange market.

This intervention, the seventh during the current year, comes to
face the market demands of the foreign currency, CBY said in a press
release.

The bank will continue to monitor the exchange market and feed it
with its needs of foreign currencies in order to create balance
between supply and demand.

The bank has fed the local market with about 1.24 billion since the
beginning of 2009.

It is worth to mention that the CBY has intervened twelve times
during 2008 to reinforce the national currency. The Bank has fed the
local market with about $1.248 billion in 2008.

BA