Central Bank of Yemen pumps $51 million to stabilize market

Published October 12th, 2005 - 01:58 GMT
Al Bawaba
Al Bawaba

In a bid to stabilize national currency and prevent fluctuations of exchange rates, the Central Bank of Yemen (CBY) pumped $51 million, a report said on Wednesday.

The actions are taken by CBY in line with the "constant monitoring CBY conducts on the market developments, so that to timely intervene in case of any black-marketing of moneys," a statement from the bank said.

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