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FINANCIAL NEWS
Yemen’s foreign currency reserves decline
26 Jan 2011
(MENAFN) The Yemen Central Bank report stated that Yemen’s foreign currency reserves have dropped to $599 billion till the end of October 2010 compared with $6.55 billion in September of the same year, reported Arab News.
The report showed that there has been a decrease in the money supply to a low of $12.56 billion by the end of October in comparison to $10.19 billion in September last year.
The report also stated that with $177.44 million decline, the budget of the Central Bank reached $8.52 million by the end of October.
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