VOL. XXXV
NO. 19
10-FEBRUARY-1992
Financial and Banking News
Economic Policy
Yemen Introduces Dual Exchange Rate
Yemen has introduced a new exchange rate of $1=YR18 which will be applied toall imported commodities with the exception of basic goods such as wheat,flour, rice and pharmaceuticals, which are financed by the government throughthe central bank. The official exchange rate is around $1=YR12, so the new ratewill have the effect of increasing the price of those imports which are assessed...
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