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.
- What's really holding Islamic Banking back?
- The rise of the Chinese renminbi: an unmatched opportunity for Qatar?
- Why, despite their emerging status upgrade, the UAE and Qatar still count as frontier markets
- How Egypt plans to deal with $20 billion worth of arbitration cases brought by foreign investors against it
- Business before wealth: what's really on the mind of the ME's high net worth business owners?