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.
- Understanding the ripple effect: 8 reasons the US economy has slowed down in Q1 of 2015
- Can Bahrian emerge from the oil price plunge 'stronger than ever'?
- Egyptian stocks plummet as Yemen confict deepens
- UAE sweetens flotation regulations to attract more investment
- Replacing Switzerland? Why Lebanon isn't keeping its banking secrecy a secret
- credit growth reaches unprecedented levels in 2q07, though deposits do not follow suit… central bank foreign assets retreat as dinar speculation win
- UK to set up 'Arab Spring' asset recovery team
- Kuwait: Money supply up by 11% during 2004
- Oil exports keep current account surplus elevated at 42% of GDP…Kuwait added KD 10 billion to its foreign asset holdings in 2007