CBY RAISES INTEREST RATES ON RIYAL DEPOSITS TO 20%

SANA'A, March 29 (Saba) - The monetary management committee at the
Central Bank of Yemen (CBY) approved on Monday increasing the
interest rates on Yemeni Riyal deposits from 15 percent to 20
percent as the minimum.

An official source in the CBY said that the bank would circulate
this decision to all banks working in Yemen tomorrow, Tuesday.

The source said that the Central Bank of Yemen would pump on Tuesday
exchange markets with its needs of the U.S. dollar.

The bank is following up the developments in the exchange market and
it will keep on feeding the market with its needs of foreign
currencies, the source said.

TD/AF