Economic Situation in Yemen is still Under ControlSource: www.export-egypt.com 2/13/2015, Location: Middle East |
|
|
|
|
|
The economic and monetary situation in Yemen is still under control, the Central Bank of Yemen (CBY) has said.
"Despite the tough political situation in Yemen, the economic and monetary situation in Yemen is still under control," CBY Governor Mohamed Hammam said. The currency exchange rates remain relatively stable and is demanded by the supply and demand, he said. Yemen's Foreign exchange reserves are still within safe limits, Hammam said. "The reserves reached $4.5 billion at the end of January 2015, which cover the importing bill for more than four months." He denied news reports about the withdrawal of the $1 billion Saudi Arabia deposit and declining the value of Yemen's currency. He also refuted strongly rumors circulate the government's inability to pay salaries for the civil and military employees. The CBY governor stressed that such news is "fabricated and baseless." |
|
|
Financials and Investment News in Yemen >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Yemen Oil & Gas 1 >> |
