24 April 2011
Yemen's foreign exchange reserves has reached US$5.1-billion by mid-April 2011 compared with US$5.9-billion in December 2010.
This is a decrease of US$800-million. Mohammed bin Hammam, governor of the Central Bank of Yemen (CBY), told state-run Saba news agency that this amount which fell from Yemen's reserves has been used to cover the bank's payments of foreign exchange that reached US$1.6-billion.
The bank's profits from oil and gas exports and other income has not exceeded US$842-million until mid-April 2011, said bin Hammam.
Yemen's foreign exchange reserves has reached US$5.1-billion by mid-April 2011 compared with US$5.9-billion in December 2010.
This is a decrease of US$800-million. Mohammed bin Hammam, governor of the Central Bank of Yemen (CBY), told state-run Saba news agency that this amount which fell from Yemen's reserves has been used to cover the bank's payments of foreign exchange that reached US$1.6-billion.
The bank's profits from oil and gas exports and other income has not exceeded US$842-million until mid-April 2011, said bin Hammam.
© Yemen Observer 2011
