CBY PUMPS $93 MLN INTO EXCHANGE MARKET

SANA'A, June 8 (Saba) - The Central Bank of Yemen (CBY) pumped on Saturday $93 million into the exchange market in order to supporting Yemen's currency against foreign currencies. An official source of the CBY said to Saba that the bank would continue to monitor the exchange market and supply it foreign currencies. The source pointed out the local currency had been seen remarkable stability against the U.S. dollar in 2007 and the first half of 2008. It is noteworthy that the CBY's support for the Riyal's exchange rate during the current year of 2008 had reached $645 million