Although the CBY
puts the exchange rate as YR 215 for USD 1 for buying and YR 215.
The government now attempts to keep the deposits in the banks for itself to finance the deficit," he said, explaining that this policy is not new in the history of the CBY
as the Yemeni government used to do this since the mid-90s.
Though the banking law gives the CBY
powers to resolve banks, there are important gaps in the tools and operational capacity.
Money transfer businesses are required to register with the CBY
and can open offices at multiple locations.
A 24-year-old woman was reversing from a house when a group of young men walked up to the grey car, registration S11 CBY
report attributes such decrease to reduction of the government 's shares of oil from 27 million barrels in 2008 to 15 million barrels in 2009, and decrease of oil price globally.
Tickers featured: AFL, APOL, BRK, CBY
, COH, CSCO, DEO, JNJ, MCO, ORCL, TIF, ZMH.
In addition, the law requires that reports be submitted to the Anti-Money Laundering Information Unit (AMLIU), an information-gathering unit within the CBY
Despite the tough political situation in Yemen, the economic and monetary situation in Yemen is still under control," CBY
Governor Mohamed Hammam said.
This has allowed our foreign reserves to remain stable; as long as this remains the case the CBY
will be able to preserve the current exchange rate, and stave off a crisis.
Specifically, IFC will support in developing an enhanced credit reporting legal and regulatory framework and will assist CBY
in the process of identifying a vendor who will develop the new Public Credit Registry.
Here is a synopsis of why CBY
and INAP have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months.