SEMC calls for emergency meeting to obviate YR deterioration

SANA'A, =
Jan. 21 (Saba) - Studies and Economic Media Center (SEMC) has demanded =
to hold an emergency meeting to
obviate the deterioration of the national currency against the dollar.
In a press release, SEMC clarified that exchange's rates of Yemen Rial =
against the dollar dropped into unprecedented levels.
Showing the deterioration, the exchange rates fell from 199 rial in the =
beginning of 2009 to 206 rial in the first days of 2010 reaching to 218 =
rial now.
SEMC talked about a manipulation of the foreign currency in the =
exchange market, emphasizing the necessity to control the market and to =
take the required legal action against
the manipulators.
The Center said that the deterioration in the national currency will be =
reflected directly to the foodstuffs and services prices, and it will =
worsen the citizens' standard
of living.
The only solution is to create economic policies to promote the =
economic growth by diversify the income sources for Yemen, the non-oil =
exports and attract foreign investments.
AF/AF