CBY pumps $48 mln into market
Saturday 23/June/2007
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Saba
حجم الخط
Central Bank of Yemen (CBY) provided on Saturday $48 million for the local market to cover its need of foreign currency.
In statement to Saba, a CBY official affirmed that the bank would continue monitoring the market and taking necessary steps to realize financial stability.
The sources made it clear that the bank's reserve of hard currency goes above $7 billion the thing that enables the bank to achieve stability of exchange rate.
The sources made it clear that the bank's reserve of hard currency goes above $7 billion the thing that enables the bank to achieve stability of exchange rate.
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