- SANA'A - The budget of the Central Bank of Yemen rose by the end of August, 2006, to one trillion and four hundred sixty two billion Yemeni riyals, an official report released by the CBY shows. The budget was one trillion and one hundred thirty one billion over the same period of last year.
The report shows that the rise is estimated at 19.7 billion riyals (1.37%) in comparison to a 4.23 % rise by the end of July.
The report adds that the CBY's foreign assets reached at the end of August one trillion and 430 billion and six hundred million riyals, equivalent to seven billion and two hundred thirty eight million dollars, covering thirteen months of revenues, in comparison to one trillion four hundred and one billion and seven hundred million riyals by the end of the preceding month.
According to the report, the value of these assets was one trillion and one hundred billion and seven hundred million riyals, equivalent to five billion and seven hundred thirteen million dollars.
The report mentions that the issued currency has sunk to 339.3 billion in last August in comparison to 339.4 billion by the end of July, 2006, achieving a decrease of 0.1%.
The report shows that the total deposits at the banks have increased by 4.37% from 731.7 billion riyals at the end of last July to 763.7 billion riyals at the end of last August.