Central Bank raises interest rate on Y.R savings deposits to 12%
Sunday 17/January/2010
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sana'a /hadhramaut.info/sabanews.net
حجم الخط
Cash management ommittee in the Central Bank of Yemen on Sunday approved the to raise the interest rates on deposits of the Yemeni riyal from 10 to 12%.
irector of Public Relations at the Bank Yahya Mohamed Al-kastban told Yemen News Agency (SABA) that the objective of the Commission's decision is that, depositors of Yemeni Riyals gets a return on their savings, especially as interest rates on other currencies is low or non-existent ... He pointed out that inflation witnessed a significant decrease in the Yemeni market.
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