Net foreign assets of the Yemeni banking system up
Net foreign assets of the Yemeni banking system of until the end of October 2010 amounted to US$7.942 billion, with an estimated rise of US$ 119 million compared to the end of 2009. In a report by the Central Bank of Yemen, it was said the rise is due to the increase in net foreign assets of commercial banks, local and foreign banks operating in Yemen.
Foreign assets at the Central Bank of Yemen reached US$5.9873 billion last October, compared with US$6055 million at the end of September.
The report pointed out that the currency issued amounted to 2.54 billion riyals, compared with about 5.56 billion riyals during the comparative period last year.
- An impending frenzy? Liberalization of Saudi stock market to usher 'new era' in GCC investments
- Eyes on the Cityscape: Mongolia, out of all places, is set to woo Middle East investors
- The rise of dollar: aka the downfall of oil markets?
- You don't need to be Muslim to practice? Why Goldman Sachs' sukuk sales worked so swell this around
- Erdogan's ready to smear the banks: is Turkey about to face a financial crisis worse than that of 2001?