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...