http://www.english.hadhramaut.info Parliament panel as Yemeni riyal falls sharply vs. U.S. dollar [The Source: sana'a/hadhramaut.info/sabanews.net - 23/03/2010] Parliament has approved to set up a committee to study the current situation of the Yemeni riyal with the government and report on progress in as soon as possible, the September website reported on Tuesday The committee came after Parliament on Monday heard the clarifications of Minister of Finance Noman al-Suhaibi and Yemen Central Bank Abdul Rahman al-Samawi over the sharp fall of the Yemeni riyal against the U.S. dollar.The government said that economic, political and social reasons contributed to the deterioration of the national currency including the latest local, regional and international developments.Since early this year, the demand for the U.S. dollar has soared leading to its high trade rates and negatively affecting the Yemeni currency, they made clear.The bank has taken several measures to boost the confidence of the national currency including increasing the interest rate and disallowing over-liquidation to finance economic activities in the country, al-Samawi said.These days one U.S. dollar is trading for 217.5 Yemeni riyals, according to exchange firms.