Yemen’s forex reserves rise to $7b last year

22 Feb 2010

(MENAFN) A report issued by the Central Bank of Yemen (CBY) showed that the country’s reserves of the foreign currency have reached nearly $7 billion in 2009, with an increase of $1.15 billion over 2008, Saba reported.

According to the CBY, showed that the bank’s total balance sheet reached nearly $8.64 billion, with a slight increase hit $38 million over 2008.

While the net claims on the government amounted by the end of 2009 to a balance owed of $2.56 billion, compared with a debit balance of $451.4 million in 2008, up as much as $2.1 billion.

On the other hand, the volume of the issued currency amounted to about $2.65 billion by the end of 2009, while the value of the government bonds (for a period of three years) increased to reach about $1.6 billion.

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