Almotamar.net - Official source at the Central bank of Yemen (CBY) emphasized Saturday that Yemen is far away from direct impact of the world financial crisis that has swept stock markets and banks because of collapse of American big companies and banks.

The source clarified that the CBY has no direct investments in America and most of its investments are geographically distributed among most of the European countries, the matter that spared Yemen from any losses so far.

The source affirmed that the European banks, with which Yemen deals entertain large financial cover, have their status and possess investment wallets and they are very cautious with regard to adventuring in world markets.

In his statement published by 26 September newspaper on Saturday the source mentioned that the commercial banks working in Yemen own excellent financial liquidity and surplus liquidity of local and foreign currencies.