Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture By 2015, closed door meetings for Yemen President Abdurabu Hadi will be limited.... Foreign embassy searches not ruled out....Foreign censorship halted..... Yemenis linked with foreign intelligence hunted for.  
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL LOCAL INTERVIEW REPORT POLITICS BUSINESS HEALTH YEMEN IN THE NEWS MIDDLE EAST INTERNATIONAL ARCHIVE
LATEST UPDATES Militants threatens Yemen's Hadi as they prepare to invade oil-rich Marib :: Washington hosts conference on Yemen private sector and transition :: YEMEN: ENROLMENT TO ANTIRETROVIRAL TREATMENT INCREASING IN HEALTH FACILITIES :: WB switches 50% of Yemen donations into loans :: Arrests after assassination of senior Yemeni politician :: Yemen Post website hacked :: Yemen cabinet asks ministers to submit closures in two weeks :: Reprieve: US pays secret $100.000 to families of two Yemen drone victims :: Officer killed, others injured in Yemen roadside bomb :: Friends of Yemen Conference, Yemen’s new plan is a go ::
BREAKING NEWS
z
BUSINESS
Last updated: 08:15:31 PM GMT(+03) Sunday, 08, August, 2010
 
 

Yemen Currency Reserves Hit Fresh Low

 
*
 Yemen Post Staff

According to a report of the Central Bank of Yemen (CBY), Yemen reserves of foreign currency recorded $ 5.9 billion until end of May of this year at decrease of $ 1.4 billion compared to May of last year.

The report released earlier this week and published in governmental media showed increase in the total capital of the bank at YR 233 billion to be 1.8 trillion in end of May of 2010 against 1.6 trillion in May of last year.

Yemen needs a large reserve of foreign currency in order to allow the government to control exchange, Yemeni economists said; adding that the greater a country's foreign reserves, the better position it is in to defend itself from speculative attacks on the domestic currency.

They affirmed that Yemen is once again at war but said it is not military war like the war which had taken place in the summer of 1994."It is a kind of war in which nobody hears the roar of artillery or humming of airplanes. It is the war of economic "they said.

The central bank has repeatedly pumped dollars into the exchange market, selling a total of $927 million to support the rial this year. The rail, Yemen's currency, has fallen about 16 percent from a level of 208 versus the dollar in mid-January.
 

 

 

 

 


YEMEN POST STAFF

 

 
 
 
    - Ads- مادة إعلانية
  BY: Shaher Abdulhak Saleh
 
مبادرة: معا لتأييد ونشر الخير في اليمن
لنشر حملاتكم التي تبث في مصلحة الخير لليمن يرجى التواصل مع
شاهر عبدالحق صالح على العنوان التالي
together.good.yemen@gmail.com
 
Initiative: together to support and spread the good in Yemen
To publish your campaigns, which broadcasts in the interest of the good of Yemen please communicate with Shaher Abdulhak Saleh at the following address:
together.good.yemen@gmail.com

 

 

   
*
Source: Yemen Post Newspaper
 
 
MORE BUSINESS
 
Washington hosts conference on Yemen private sector and transition
WB switches 50% of Yemen donations into loans
Friends of Yemen Conference, Yemen’s new plan is a go
Friends of Yemen Conference kicks off in London
Yemen crude oil export on free fall for February
Technological breakthrough is attributed to Yemeni national
Yemen’s economic outlook remains grim
Officials prepare for Friends of Yemen meeting in London
Investing in Telecommunication Remains Difficult for Yemen Businessmen
Officials deny media reports regarding oil subsidies
 
 
Comments
 
Leave a Comment
Comment will be published once it has been approved by our moderators.
Name:
Title:
Comment:

TERMS AND CONDITIONS
Yemen Post may edit comments for length and clarity but will not change the tone of the message. Comments will only be accepted if all fields (including name) are filled correctly and the message isn't abusive, defamatory or offensive. All comments sent may be forwarded for use in the Yemen Post newspaper.
Article Tools
Email this Article Email this article
Print Friendly Version Print
Email this Article Email the Editor
 
Most popular
 Houthis and Foreign Policy Changes in Yemen (2015 & Beyond)
 Militants threatens Yemen's Hadi as they prepare to invade oil-rich Marib
 Washington hosts conference on Yemen private sector and transition
 YEMEN: ENROLMENT TO ANTIRETROVIRAL TREATMENT INCREASING IN HEALTH FACILITIES
  WB switches 50% of Yemen donations into loans
 Arrests after assassination of senior Yemeni politician
 Yemen Post website hacked
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?

VOTE  OR SEE POLL RESULTS
 

   
   
   
© Yemen Post. All Rights Reserved 2007- 2014    

 Designed and developed by
  HyperLink