[07 November 2007]

SANA'A, Nov. 07 (Saba) - The Central Bank of Yemen pumped $97 million into the market on Wednesday to feed the needs of foreign exchanges.

In a statement, CBY said that it would continue to monitor the exchange market and take the necessary steps to ensure a stable exchange rate.

The bank noted that this is the 5th time this year that CBY intervened to support the exchange rate of riyal against dollars through the selling of dollars in the financial market.

The exchange rate of riyal against dollar recorded Wednesday YR 199.10 to the dollar for buying and YR 199.30 for sale.

YA/YA
Saba