Yemen reserves of foreign exchange to drop to seven billion dollars in 2009
March 8th, 2009
Yemen 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
riyals at the end of the year compared with the trillion and 857 billion rials in 2008
While net claims on government by the end of last year a balance owed of $ 533 billion riyals, compared with a debit balance of $ 94 billion riyals by the end of 2008, up as much as 439 billion riyals.
While the claims on the private sector by 11 billion riyals at the end of last year to around 500 billion riyals, compared with 511 billion riyals in 2008.
With the volume of currency issued about 552 billion riyals by the end of last year .. Increased the value of outstanding government bonds (for a period of three years) to around 366 billion riyals a special bond, pension funds and insurance since the government began issuing beginning in 2009 for a three-year interest rate of 7 percent.
Tags: of currency, of foreign exchange
