CBY OFFERS $100 MLN TO MEET EXCHANGE MARKET NEEDS

SANA'A, Jan.21 (Saba) – Central Bank of Yemen (CBY) announced on Thursday $ 100 million for sale to meet the needs of commercial banks and exchange market from the foreign currency.

After receiving requests from banks and currency exchange companies, the CBY covered all requests with a total amount of $89 million, the CBY's director general of public relations Yahya al-Kustaban told Saba.

He made it clear that the amount comes in addition to the amount of $364 million the bank has sold since the beginning of January,2010, bringing the total amounted sold be the bank to $452 million.

The bank will closely continue observing the foreign currency exchange markets and will cover any needs continually, al-Kustaban indicated.

BA