CBY injects $178 mln into exchange market
The Source: www.sabanews.net - 20/12/2009
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Central Bank of Yemen (CBY) pumped on Sunday $178 million into the local exchange market, bringing the total injected into the market since the beginning of 2009 to over 1.2 billion in the eight times the bank intervened to support Yemeni Rial against the foreign currencies This intervention, the eighth during the current year, comes to face the market demands of the foreign currency, CBY said in a press release.The bank will continue to monitor the exchange market and feed it with its needs of foreign currencies in order to create balance between supply and demand.The last intervention by CBY was on November 3 through pumping $216 million into the exchange market.
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