Ba Jamal's Government and its Arduous Tasks

Thus, we suggest that the Central Bank of Yemen should offer the local banks attractive interests against the amounts deposited, or should otherwise give them strong securities issued on behalf of foreign banks against such cuts. The other problem is relevant to the policies adopted by the Central B...

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Bibliographic Details
Published inMiddle East News Online
Main Author Ahmed Sallem Shamakh
Format Newspaper Article
LanguageEnglish
Published Durham Middle East News Online 24.07.2001
Subjects
Jamal, Ba
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Summary:Thus, we suggest that the Central Bank of Yemen should offer the local banks attractive interests against the amounts deposited, or should otherwise give them strong securities issued on behalf of foreign banks against such cuts. The other problem is relevant to the policies adopted by the Central Bank of Yemen is the exchange rate and its restricts which indicate the continuity of the low price of the Yemeni Rial against the US dollar. As the amounts injected by the CBY,from time to time, is subject to the highest bids offered and this,in turn, lead to the rise of the exchange prices.