By: Isam Al-Sufiani - Yemen's foreign currency reserves had risen to six billion and eight hundred million USD by the end of last June in comparison to $387,500,000 in 1998, an official source at the Central Bank of Yemen said.
"The foreign reserves hearten investors who come to Yemen," the source asserted.
The source also stated that the market gets replenished with foreign currency whenever there is a need and that the Central Bank keeps monitoring the market to determine whether there is a need for currency replenishments.
The Central Bank's budget reached at the end of last May YR 1,392,000,000,000 in comparison to YR 17 billion in 1995.
Yemen's debts were to the tune of $11,400,000,000 in 1998, equivalent to 200% of the Yemen's GDP at the time, but had sunk at the end of 2005 to $5,200,000,000 equivalent to 33% of the GDP.
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Central Bank: foreign reserves hearten investors
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