SANA'A, May 08 (Saba)- Yemen's Forex reserves amounted to 1.58 trillion Yemeni Riyals (YR) last March 2014, recording a decline of YR 21 billion compared with February.
A report issued by the Central Bank of Yemen (CBY) and Saba got a copy of it, indicated that the covering of the Forex reserves to Yemen's imports of basic commodities declined from 5.4 months in February, compared to 3.5 months in March.
According to the report, the Central Bank covered the import bill of oil derivatives and basic foodstuffs in March with an amount equal to $ 332 million.
Furthermore, the CBY's budget recorded a slight decrease estimated at YR 1.4 billion to score the current balance amounting YR 2.5 trillion, and the net claims on the government decreased in March about YR 3 billion from February to record a balance due of YR 1.88 trillion.
In return, the claims on the non-governmental sector recorded YR 814 billion in March, with a slight increase amounted to YR 300 million compared with February.
The report also pointed out that the money supply increased to YR 3.5 trillion in March, with an increase of YR 26 billion compared with the preceding February.