CBY DECIDES TO RAISE RATE OF PROFITS ON RAILS DEPOSITS UP TO 12%

SANA'A, Jan. 17 (Saba)- The administrative monetary committee at
Central Bank of Yemen (CBY) approved on Sunday raising the rate of
profits on rials deposits from 10 percent to 12 percent.

Director of Public Relation in the bank Yahya al-Kostaban stated to
Saba that the decision was taken to grant rial depositors further
profits.

He said that central bank informed banks to grant approved profits
to depositors.

AH