VOL. XXXIX

No. 10

4-December-1995

YEMEN

Yemen's Central Bank Issues First Treasury Bills

The Central Bank of Yemen announced on 30 November that it would issue its first batch of treasury bills in December. The issue, worth a total of YR2bn ($40mn), will be available to citizens, banks, insurance companies, pension funds and other institutions, and according to officials could mark the initial step towards developing a financial market in Yemen. The bills will be offered at YR10,000...