Archive for March, 2009

Yemen reserves of foreign exchange to drop to seven billion dollars in 2009

ybancYemen recorded reserves of foreign exchange last year nearly seven billion dollars, backing by one billion and 157 million more than in 2008 amounting to eight billion and $ 157 million. A report issued by the Central Bank of Yemen to the bank's budget amounted to a trillion and 873 billion riyals, up a slight hit eight billion riyals in 2008. And the volume of money supply rose by 135 billion for up to two trillion and 12 billion riyals at the end of last year, compared with the trillion and 877 billion riyals at the end of 2008 The net foreign assets of the banking system by 50 billion Yemeni riyals registered trillion and 807 billion

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