Yemen foreign currency reserves reach $7.4 bln in September

SANA'A, Nov.21 (Saba) –
Yemen's foreign currency reserves have dwindled during the last nine months of 2009
by
more than $1.408 billion to reach $7.411 billion compared to $8.819 billion in the
same period in 2008. A report issued by Central Bank of Yemen (CBY), obtained by
Saba,
has revealed that the bank's total budget ,in September 2009, fell to YR 1.830
trillion from YR 1.897 trillion in September 2008. The volume of exported currency
recorded
an increase of YR 53 billion to reach YR 562 billion in September 2009, compared
with YR 509 billion in August 2009. the average of three-month treasury bills return
in auctions
of September 2009 amounted to 12.97 per cent a year, compared to 12.94 per cent a
year in August 2009, while the six-month bills 12.97 per cent a year compared with
12.94
per cent a year in August and the one-year bills 12.98 per cent a year compared to
12.95 per cent a year in August. The volume of government bonds for pension and
insurance
funds (for a period of three year) in September 2009 has amounted to about YR 16.8
billion compared with YR 11.5 billion in August 2009 ,and thus the gross account of
the
government bonds reached to YR 335.4 billion in September 2009. BA